According to Reuters, the European Central Bank (ECB) is considering regulating the use of digital currencies. Governing council member Ewald Nowotny commented:
On bans and other schemes
It should be noted that China never banned the use of cryptocurrencies; rather, the country shut down digital currency exchanges and forbade the launching of ICOs. That’s a far cry from a ban on use, which would be impossible to enforce.
One also wonders about the wisdom of basing Europe’s regulatory scheme on actions taken by the world’s largest Communist country.