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