The Bundesbank against the legalization of cryptowall in the EU

According to a member of the Board of Directors of the Bundesbank (German Central Bank), Karl Ludwig Thiele, the official recognition of cryptocurrency in the Eurozone and their equating Vietnam in the near future excluded, and investing in them is threatened with losses.

«Introduction the Central Bank of the appeals of cryptocurrency, similar to traditional currencies, is not on the agenda,» said Thiele.

In his opinion, the technology of the blockchain is expensive and unsuitable for payments.

«Our currency, the Euro, mainly based on trust. Trust is easy to play but difficult to win,» stated Thiele.

Today, due to the lack of tools for the control and taxation of cryptocurrencies, most Central banks of developed countries oppose their treatment on a par with Fiat currencies.

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