Central Bank Denies Claim Blockchain Broadly Used in Estonia

The Estonian central bank has denied statements that have suggested the country’s banking system relies on the use of a blockchain to secure information.

One of the more curious observations included in documents recently released by the European Securities and Markets Authority (ESMA) was a submission from Deutsche Bank.

The letter, a response to ESMA's call for information on digital currencies, included the claim that the blockchain was already being widely used in the country's financial sector. The claim was cited by Deutsche Bank as an example of how blockchain technology is being used to solve complex problems in the world's financial markets.

When contacted for comment, Piret Putko, a representative for Eesti Pank, Estonia’s central bank, told CoinDesk that while there is activity among the country’s banks to develop products based on the technology, there is no nationwide effort to broadly integrate banking and the blockchain.

http://www.coindesk.com/estonian-central-bank-claims-blockchain/