“Banks Should Segregate Any Cryptocurrency Business” Says European Central Bank Executive

News | May 16, 2018 By:

Yves Mersch, European Central Bank (ECB) executive board director, said that banks should “segregate” any business they do with cryptocurrencies and post “adequate” amounts of capital against it.

Speaking at the 39th meeting of the Governor’s Club Bodrum in Turkey, Mersch said cryptocurrencies issued by private companies with the help of users do not qualify as money and their issuers should be regulated.