Bitcoin No Threat to Financial Stability, Say European Economists

Bitcoin No Threat to Financial Stability, Say European Economists

A group of European economists believe bitcoin is no threat to the financial stability, although regulatory oversight needs to be increased, new research shows. In a survey published yesterday by the U.K.-based Center for Macroeconomics, 100 prominent European university economists were asked for their thoughts regarding the recent market growth of bitcoin and cryptocurrencies. According to the results from the 50 respondents – in response to the question "Do you agree that cryptocurrencies are currently a threat to the stability of the financial system, or can be expected to become a threat in the next couple of years?" – […]