The German central bank (Bundesbank) vice-president Claudia Buch speaks during a photocall at the Bundesbank headquarters in Frankfurt, May 20, 2014. REUTERS/Ralph Orlowski
March 18, 2018
BERLIN (Reuters) – Cryptocurrencies are not a threat to financial stability as speculations on the price of volatile virtual tokens are not financed with credit, Bundesbank vice president Claudia Buch told Reuters.
She said regulators should look at introducing rules to protect consumers given that such speculation could prove costly for investors.
“The role of crypto tokens in money laundering and criminal activity must also be closely examined,” Buch said.
(Reporting by Gernot Heller; Writing by Joseph Nasr; Editing by Andrea Shalal)
