Bitcoin is Decentralized peer-to-peer payment system that should not have any boundaries. Mr. Joachim Wuermeling, a member of the board of Germany’s Bundesbank, stated national policies might not work for Bitcoin.
German central bank About Bitcoin says national rules Might be hard to Implement
“Powerful regulation of digital currencies might consequently most effective be achievable via the best feasible international cooperation. Because the regulatory power of country states is obviously constrained,” he told an occasion in Frankfurt.
I am not even going to address whether or not this is the proper or incorrect approach. Because the idea of making plans, imposing and rolling out worldwide regulation is absurd.
What is the over/below on the timeline for enforcing international regulation? 10 years? twenty years?
These were the saying by bundesbank director which were talking about bitcoin and future world. That time is not far when every country will accept it.
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