The reason for coming out with such a statement at this point in time is because of the recent headlines on every major mainstream news outlet detailing how Bitcoin lost a quarter of its value in a relatively short span of time.
Ban oil? Good luck banning either Paul, you'll need it.
Fuck it, lets ban every under-performing stocks! And/or introduce compulsory insurance. You can let people lose their money due to their own poor decisions. This madness has to stop!
Mr. Koster concluded his statement by adding the following : “These volatile Bitcoin price swings prove that this market is not supervised and/or regulated by any government or institution. As a result, it is impossible for banks, consumers, investors and retailers to estimate the potential risks of getting involved with Bitcoin.”
Then don't get involved mr Koster, just don't...
BTW:
While it is clear that Paul Koster wants absolutely nothing to do with Bitcoin, most central bankers have not yet taken a stance towards cryptocurrency. In fact, there are a few pro-Bitcoin banks to be found in the European Union. Fidor Bank ,for example, only deals with Bitcoin-related customers and companies.
Anyone uses Fidor bank? Do you need to be German resident to open account with them?
