After the many discussions by the central banks of various countries, also the intervention intervenes German Central Bank which states that digital currencies do not represent any threat to financial stability.
According to what reported by Deutsche Bundesbank and its executive committee: cryptocurrency tokens currently pose no risk to either financial or monetary stability. In addition, this also noted that gaps can arise when they do not fall in the area of the regulatory authority or in the absence of international standards.
The position is also in line with that taken by the main ones representatives of the Spanish law enforcement agencies, these stressed that Bitcoin ATMs can highlight gaps in the field of European Union anti-money laundering regulations. Baltz admitted that whatever increase in popularity of cryptoassets however, it deserves careful consideration. However, this also expressed high hopes in the field of digital transformation that is induced by artificial intelligence, cloud services and DTL technology.
Baltz said that we don't talk exactly about evolution, but of a system of adaptation of banks to the needs and requirements of a new generation, namely the digital one. We are therefore talking about a revolution that can change the financial sector forever.
Last week, Benoit Coeure is also a member of the executive board of the ECB He said financial regulators need to act quickly to lend themselves to Facebook's new stablecoin as well. In the past month, the Australian central bank instead said that Bitcoin and other cryptocurrencies also remain outside of traditional payment systems.
