European Central Bank wakes up to digital currency 'concern'
The ECB has woken up to the dangers digital currencies could pose to policy makers' bread-and-butter business: the economy. "If you increasingly have bridges among the virtual world & the real world & then there Information Systems a collapse in this virtual world, it could drain liquidity from the real world," executive board member Yves Mersch told in an interview in Frankfurt. The European has agreed to bring virtual currencies under the jurisdiction of anti-money-laundering legislation, which going to require marketplaces to verify the identity of their customers. REUTERSThe ECB has its own ways to protect digital currencies from piggybacking on its financial infrastructure. Earlier this week, ECB President Mario Draghi told the European Parliament which the central bank's supervision arm Information Systems studying the dangers digital currencies probably pose to banks' balance sheets.
Cryptocurrency: native man mines digital currency
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