Turkey Central Bank: Bitcoin is a threat

With the quick growth Bitcoin has had this year, a ton of warnings and negative statements have been issued by financial authorities from countries around the world, regarding this cryptocurrency. However, none of them had been as honest with its declaration as the Central Bank of Turkey, whose governor Murat Cetinkaya, admitted that Satoshi’s coin posed a serious threat “to central banks”, according to a Bloomberg report.

In this post, it’s stated that cryptocurrencies can be a risk to them, including “their control of money supply and price stability, and the transmission of monetary policy”.

Nevertheless, his opinion is not completely negative, for in that same statement, he said that “digital currencies may be an important element for a cashless economy, and the technologies used can help speed up and make payment systems more efficient”.

Read more at: http://www.crypto-economy.net/turkey-central-bank-bitcoin-threat/?lang=en