German Central Banker: Cryptocurrencies Must Be Regulated On a Global Scale

“The director of Germany’s central bank believes that bitcoin should be regulated through an international set of rules rather than on a national scale.

Bundesbank director Joachim Wuermeling said that borderless cryptocurrencies are difficult to regulate within a specific region or country, according to Reuters. Speaking at an event in Frankfurt, the banker said cryptocurrencies instead be overseen on a global scale, with regulators harmonizing their rules together.

To that end, Wuermeling said that such a state of affairs could only be reached in the event of heightened cooperation. (…)”

Via CoinDesk http://ow.ly/2hfE30hPKab