ECB wakes up to Bitcoin as virtual world touches reality
Former Luxembourg central bank governor and ECB executive board member Yves Mersch is demanding more information from cryptocurrency operators
The European Central Bank has woken up to the risks digital currencies can pose to policy makers’ bread-and-butter business: the economy.
''If you increasingly have bridges between the virtual world and the real world and then there is a collapse in this virtual world, it could drain liquidity from the real world,'' Executive Board member and former governor of the Luxembourg central bank Yves Mersch said in an interview in Frankfurt. ''This then becomes a concern for the central bank.''
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