Netherlands

Dutch Central Bank Embracing Blockchain Technology But Still Against Cryptocurrencies

Published

2 days ago

3 August 2018

The Dutch central bank, De Nederlandsche Bank (DNB), has made its remain on cryptocurrency clear. The bank has denied recognizing cryptocurrencies as a real form of currency. The bank based its decision on the difficulty of spending and valuation of cryptocurrencies. DNB further argued that digital currencies are too unpredictable to ever be utilized as reserve funds and are also lack real-life implementation. In spite of their situation on the issue, DNB still has faith in blockchain technology. The bank is reported to be working on a number of blockchain related projects.

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