What do central banks of different countries think about Bitcoin? 3
8 years since Bitcoin was born, central banks of countries are increasingly realizing the potential as well as the downsides of virtual currencies in general.
Below are the views of major central banks around the world.
1. America
A Japanese restaurant in the US accepts payment in Bitcoin.
The US Federal Reserve (Fed) has been investigating virtual currencies since the early days.
2. Eurozone
The European Central Bank (ECB) regularly warns about the dangers of investing in digital currencies.
3. China
China states very clearly that the Central Bank has full control over virtual currencies.
4. Japan
Bitcoin logo on a billboard of a store in Japan.
Japan is quite open to Bitcoin and has passed a law recognizing Bitcoin as a payment method.
5. Germany
In a country where many people still prefer cash, the German Central Bank is particularly concerned about the rise of Bitcoin and other virtual currencies.
6. You
Governor of the Bank of England – Mark Carney said that digital currency is a potential `revolution` in the financial industry.
7. France
Governor of the Bank of France – Francois Villeroy de Galhau said in June that French officials `are very wary of Bitoin, because there is no public organization behind it to guarantee it.
8. India
The Central Bank of India opposes virtual currency, saying it can be a channel for money laundering and terrorist financing.
9. Korea
The Central Bank of Korea aims to protect consumers and prevent virtual currencies from being used for criminal purposes.
10. Russia
The Central Bank of Russia has always been concerned about the risks of digital currencies.
