Bundesbank’s Buch adds to calls for cryptocurrency regulation

BERLIN (Reuters) – Regulation of cryptocurrencies must be considered, Bundesbank vice president Claudia Buch told Reuters, even though she does not believe they pose a threat to financial stability.

Buch said that speculation on volatile virtual tokens does not pose a systemic threat because it is not financed through credit, but she said that regulators should look at introducing rules to protect consumers, given that such speculation could prove costly for investors.

“The role of crypto tokens in money laundering and criminal activity must also be closely examined,” Buch said.

“I don’t see a threat for financial stability at the moment as the speculations are generally not financed with loans and the relevant markets are rather small.” […]

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