- Says 100% losses with bitcoins are possible
- Bitcoins lack legal framework and come with considerable legal uncertainty
- Platforms are unregulated
- Governments have no chance of grabbing a taxable slice of the pie (ok I made that bit up)
- The suggested advantage on the elimination of any banks charges could be offset by exchange rate losses
- Crimea caused spike in Euro banknote demand in Russia
Yves Mersch speaking at the Bundesbank’s Bargeldsymposium
