Central Banking

Poll: Central bankers favour clampdown on bitcoin

St. Louis Fed economist warns it will be ‘like trying to slay the Hydra’

Bitcoin 3D logo
Bitcoin is a leading virtual currency

Central bankers favour banning or taking regulatory action against virtual currencies such as bitcoins, according to the results of a Central Banking poll. But respondents were split over how best to handle the emergence of virtual currencies. 

The most common response of central banks to the rise of bitcoin has been to issue warnings to the public, explaining how virtual currencies work and the risks involved in using them.

Very few have taken direct action to regulate the use of virtual

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.