EU Commissioner plans to hold a meeting of all stakeholders from the public and private sectors to discuss the impact of cryptocurrencies on the Central banks.
In his speech at the press conference of the Council for economic and financial Affairs (ECOFIN) Vice-President for the Euro and social Affairs Valdis Dombrovskis said that he plans to discuss this issue with a group of unnamed officials and representatives of the private sector.
Cryptocurrency transactions can affect many other areas, including the Central banks. That is why I intend promptly to collect the key agencies and the private sector at the round table the highest level to give long-term assessment of the situation.
Several countries are engaged in research in the field of national digital currencies, among them China, Russia, Canada and others.
However, potential inclusion of Central banks in the cryptocurrency industry has been controversial. Some believe that Central banks will buy the cryptocurrency with the purpose of preserving foreign exchange reserves, others are of the opinion that they will be limited by the regulatory norms.
It is unclear where, in what format, and how will the round table. However, the role that Twitter plays in structural reform of the EU and financial market regulation suggests that these negotiations may result in further regulatory ordinances.
During a press conference Dombrovskis confirmed the EU interest in blockchain technology, as well as the intention to more aggressively regulate the cryptocurrency.