Central Banks Take on Cryptocurrencies: By Country
Here is a rundown of how each countries central banks feels about the crypto world. Reference 'Business Mirror' article for more in-depth information.
United States:
- Privacy worry - no policy towards regulating crypto but it's something "worth thinking about"
Euro Area:
- Tulip like - warns about the dangers of investing in digital currencies relating them to the 'tulip bubble' in the 17th century
China:
- Cracking Down- making it clear that the central bank has full control over cryptocurrenices
Japan:
- Not Needed - cash is still king according to the central bank
Germany:
- Investors Beware - Althogh calling Bitcoins move as having a 'speculative character' the Bundesbank is studying the blockchain for application in payment systems
UK:
- Potential 'Revolution' - One of the Bank of England Governors has dubbed cryptos as part of a potential "revolution" in finance.
France:
- Dark Side - Bitcoin has a dark side (citing data attacks) said one of Bank of France's Governors
India:
- Not Allowed - Indias Central bank is opposed to cryptocurrenices
Check out Business Mirror's article for other countries...
Source Business Mirrors
Thanks for the article. Peace, Kris
Governments in general are still unclear about cryptocurrency.
A few of the points they make are: