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Germany’s Central Bank Pro Cryptos
Summary: Burkhard Balz, a representative from the Central Bank of Germany, states that cryptocurrency is not a threat to financial stability. He adds that “gaps may occur where they fall outside the scope of regulators’ authority or where there is an absence of international standards.” However, Balz believes that cryptocurrency will be a “disruption,” not an evolution, ...
Burkhard Balz, a representative from the Central Bank of Germany, states that cryptocurrency is not a threat to financial stability. He adds that “gaps may occur where they fall outside the scope of regulators’ authority or where there is an absence of international standards.” However, Balz believes that cryptocurrency will be a “disruption,” not an evolution, that will alter the workings of the financial sector for good.
Author: Sofia Cabrera
Tags: Burkhard Balz,Central Bank of Germany,Cryptocurrency,financial sector,Germany
Link: Germany’s Central Bank Pro Cryptos [Copy]
