23 December 2017

Bundesbank: Eurozone not Considering Cryptocurrency | Carl-Ludwig Thiele



 Eurozone not Considering Cryptocurrency says Carl-Ludwig Thiele.

Eurozone not Considering Cryptocurrency says Carl-Ludwig Thiele

One of the largest banks in Europeboard member Carl-Ludwig Thiele of Bundesbank has confirmed that the euro zone is not considering a digital currency.

According to him:

“Digital central bank money analogous to cash is currently not in sight.”

The statement runs contrary to a previous statement made by Jens Weidmann, the head of Bundesbank, suggesting that a digital currency comparable to Bitcoin could potentially protect European citizens.

ALSO READ: Cheapest States to Mine Bitcoin in USA

 Investors should also note that substantial losses were very possible Thiele warns. He stated:

“We are seeing a rapid increase in value, which brings the risk of rapid losses.”
Digital currencies like Bitcoin has already been suggested to be regulated by the European Central Bank, despite previous comments that the government was powerless to regulate cryptocurrencies.

Even after the rejection of the concept in the eurozone, other countries are still considering governmental cryptocurrencies. Russia and Dubai have both begun working toward nationalized digital currencies.

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