Bitcoin Watch – ECB warns of threats posed by cryptocurrencies

European Central Bank Executive Board member Yves Mersch has confirmed the organisation “can no longer ignore the threats posed by cryptocurrencies to the real world.” In an interview with Bloomberg, Ms Mersch said: “If you increasingly have bridges between the virtual world and the real world and then there is a collapse in this virtual world, it could drain liquidity from the real world. This then becomes a concern for the central bank.” As a result, futher speculation is arising that Bitcoin price may soon be threatened if regulation occurs.

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