FILE PHOTO: The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach
May 14, 2018
FRANKFURT (Reuters) – Banks should ring-fence any business they do with virtual currency (VC) such as Bitcoins and post “adequate” amounts of capital against it, a European Central Bank board member said on Monday.
“Due to the high volatility of VCs it might seem appropriate to require any VC trading to be backed by adequate levels of capital, and segregated from other trading and investment activities,” Yves Mersch told a conference in Turkey.
(Reporting By Francesco Canepa; Editing by Balazs Koranyi)
