It is more or less clear to everyone that central banks are not enthusiastic about the concept of cryptocurrencies, but it is all the more interesting to follow the reactions of their top officials.
Among the latest officials to express their views on Bitcoin as well as cryptocurrencies is the Governor of the Swedish Central Bank, Riksbank, who acknowledges that Bitcoin is already quite big.
When something gets big enough, things like consumer interests and money laundering come into play, -- So there’s good reason to believe that [regulation] will happen. Riksbank Governor Stefan Ingves
As far as specific countries are concerned, we can see the greatest interest in regulations most recently, especially in the countries of Asia, specifically in China or South Korea. The Chinese Council of State has only recently decided that it wants to take action against Bitcoin as well as its mining, as confirmed by an official government document from the meeting.
South Korea has passed a law that obliges all crypto exchange operators to report to the relevant FIU authorities from May 30, which should result in better control.
As a result, however, it is interesting to follow the position of these countries, which want to fight cryptocurrencies but on the other hand were inspired by them. China is currently in one of the last testing phases of its CBDC (Digital Yuan), Sweden will also have its own central bank e-krona over the next 5 years.
