Central Bank of Ireland Official Considers Bitcoin's Impact on Traditional Finance
A Central Bank of Ireland official is raising questions about the potential impact of bitcoin on the traditional finance sector, Irish news outlet RTÉ reports. Gareth Murphy, Director of Markets Supervision at the Central Bank, made the comments during the Bitfin 2014 conference taking place in Dublin Thursday, noting that currencies that compete with the Irish legal tender are capable of creating challenges: specifically, the "central banks' ability to influence the price of credit for the whole economy." The official reported added that the country's finances could be threatened if an....
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