Just read German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies

German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies

Germany’s Finance Minister Olaf Scholz doubts that cryptocurrencies can currently replace traditional fiat currencies, Cointelegraph auf Deutsch reports today, September, 18. At a recent meeting of the Economic and Financial Affairs Council in Vienna, European Commission Vice President Valdis Dombrovskis claimed that crypto needs further regulation. While noting that crypto is “here to stay,” Dombrovsksis stressed that the European Union (E.U.) Prior to the aforementioned meeting, a report by Belgian think tank Bruegel urged European regulators to adopt uniform regulations on cryptocurrencies at the E.U.-level. The report notes that while regulations are left to national entities, there is an opportunity for “regulatory arbitrage” for crypto businesses.

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Wednesday, September 19, 2018