Ewald Nowotny, the governor of the Austrian Central Bank, who also serves as a member of the ECB’s Governing Council assumes that the rise of Bitcoin may affect the real economy, cause panic and shift the blame to central banks.
The problem with bitcoin is that it could easily blow up and central banks could then be accused of not doing anything…So we’re trying to understand whether bank activity in relation to cryptocurrency trading needs to be better regulated.
The governor of the Austrian Central Bank and a member of the ECB’s Governing Council
The rules and regulations in Europe allow for the easy buying and selling of cryptocurrencies. Europe holds Bitcoin in popularity, but additional altcoins are also widely available.