ECB Council Member: Central Banks Considering Crypto Regulation

A European Central Bank (ECB) governing council member said yesterday that lawmakers and central banks are examining whether they should regulate cryptocurrencies.

According to a Reuters report, Ewald Nowotny, president of the National Bank of Austria, said:

“We’re asking ourselves if legislators or central banks should intervene.”

Nowotny made his comments at a conference in Florence, Italy, according to the news source.

The regulatory focus comes following China’s recent crackdown on bitcoin exchanges, he said, adding that the authorities there considered cryptocurrencies “fraudulent.” […]

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