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Tag: Bundesbank

Deutsche Bundesbank: No Cause to Prohibit Bitcoin

Category: Bitcoin, Commentary, News, Regulation

Deutsche Bundesbank: No Cause to Prohibit Bitcoin

The Deutsche Bundesbank, the Central Bank of Germany, warns customers of bitcoin. The price of bitcoin might have been rising fast over the course of May 2017, but according to Bundesbank Chair Carl Ludwig, there is an imminent danger of a downward correction. Since no Central Bank backs bitcoin, it cannot be secure money. For a prohibition however he sees…


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