UTC-05:00,Thursday , May 28th 2020

German Central Bank: Cryptos Are Not A Threat To Financial Stability

12:04 Thursday , July 11th 2019
Central Bank of Germany representative Burkhard Balz said that cryptocurrencies do not pose a threat to financial stability during a talk at the European Parliament reported a post published on the institution's website on July 9.
Burkhard Balz, member of the Executive Board of the Deutsche Bundesbank, stated that "crypto-tokens currently do not pose a risk to monetary or financial stability." Furthermore, he also noted that "gaps may occur where they fall outside the scope of regulators' authority or where there is an absence of international standards."