Germany's central bank has called for global cryptocurrency regulation, saying it's the only way to enforce rules on the virtual assets. Wuermeling, a director at the Bundesbank, said effective regulation would only be achievable through the "greatest possible international co-operation". Several countries, including China and South Korea, have already sought to crack down on cryptocurrencies, while the European Union recently agreed on stricter rules to prevent money laundering and terror financing on exchanges.
Germany's central bank has called for global cryptocurrency regulation, saying it's the only way to enforce rules on the virtual assets. Joachim Wuermeling, a director at the Bundesbank, said effective regulation would only be achievable through the "greatest possible international co-operation". Several countries, including China and South Korea, have already sought to crack down on cryptocurrencies, while the European Union recently agreed on stricter rules to prevent money laundering and terror financing on exchanges.