The Irish central bank officials believe that bitcoin will have an impact on the traditional financial
The Irish news media RT reported the Irish central bank officials high-profile proposed the influence of bitcoin on traditional financial industry potential.
The central bank in charge of market supervision officials Gareth Murphy (Gareth Murphy) said in a statement published by the Bitfin2014 meeting in Berlin on Thursday, and pointed out that any currency have the ability to challenge the legal currency of ireland. Specifically, the “central bank” has influence the whole economic credit capacity price.
The official report added that if more and more transactions are carried out by the non statutory currency, then the national finance may be threatened, such as bitcoin, it has the possibility of being used for tax evasion.
In Murphy’s statement, consumers of traditional financial confidence in reducing (when it comes to bitcoin, which is often a focus topic) may lead to a decline in economic activity, although the statement is likely to occur in extreme often only.
In other words, bitcoin is a challenge, because we cannot control it. Of course, this point, you might expect a banker to say these things. However, Murphy said that the use of alternative currency consumers unable to obtain the current legal protection.
Although digital currency is not directly controlled by the central bank, but does not affect their bitcoin attention. However, they will not assume is a foolish idea. But according to Murphy’s view, the supervision of digital currency needs resources, whether the central bank to the supervision is not clear.