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Bundesbank against the release of digital currency in the EU

ICO-LINK-NEWS-Bundesbank-against-the-release-of-digital-currency-in-the-EU

According to the statement of the member of the Board of Directors of the Bundesbank (the central bank of Germany), Carl-Ludwig Thiele, the issue of digital currencies by the central banks of the Eurozone and their equating to the fiat in the near future is excluded.

"The issue by the central bank of circulation of digital currencies, similar to traditional currencies, is not on the agenda," Thiele said.

In his opinion, blockade technology is expensive and unsuitable for payments.

"Our currency, the euro, is basically based on trust, with confidence it's easy to play, but it's hard to win," stated Thiele.

  Now, due to the lack of instruments for controlling and taxing the Cryptocurrency, most of the central banks of developed countries oppose their circulation on a par with the fiat currencies.

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