Last month, several central banks have dealt with the Bitcoin and crypto-currencies. The central bank of new zealand has issued a statement seeking to educate citizens on the fundamental principles that underlie the crypto-currencies, as well as their implications for monetary policy. The governor of the Bank of Canada, meanwhile, said that the crypto-currencies should be considered as assets or securities rather than as currency.
New Zealand is one of the few countries to have adopted a pedagogical approach concerning crypto-currencies. The central bank of New Zealand (RBNZ) has released a document dealing with crypto-currencies. In this document of 44 pages, entitled ” Crypto-currencies – An introduction to fund not-so-funny “, the RBNZ seeks to better understand these technologies to the public, including explanations of the risks associated with the use of crypto-currencies. The implications of these technologies for consumers, financial systems, monetary policy and financial regulation are also discussed. The document also details the foundations and the history of crypto-currencies.
Canada, meanwhile, sees crypto-currencies as assets or as securities. In fact, earlier this month, the deputy governor of the Bank of Canada, Carolyn Wilkins, has said that ” crypto-currencies are not currency. “About the ICO, we do not know the point of view of the Bank of Canada. In fact, during an interview she granted to Boomberg, Mrs Wilkins said : “We are not a regulatory body of the securities, and it is not the role of the Bank of Canada to make a comment on the ICO. “Additionally, Ms. Wilkins expressed his enthusiasm for the technology Blockchain, adding :” This is promising, it is the technology of records distributed, because it provides opportunities to create high returns on the financial markets.
Source : News.bitcoin