A top European Central Bank policymaker has joined calls for a global clampdown on virtual currencies such as bitcoin because of their threat to financial stability. “We at the ECB are fully in line with his views and we have similar worries,” he told Bloomberg TV. Show Hide Bitcoin is the first, and the biggest, “cryptocurrency” – a decentralised tradeable digital asset. The lack of any central authority makes bitcoin remarkably resilient to censorship, corruption – or regulation. Bitcoin transactions can easily take several hours to process.

Source: The Guardian February 08, 2018 13:18 UTC