BR100 Increased By (0.18%)
BR30 Decreased By (-0.03%)
KSE100 Increased By (0.16%)
KSE30 Increased By (0.26%)
BECO 5.58 Decreased By ▼ -0.07 (-1.24%)
BML 61.22 Decreased By ▼ -2.66 (-4.16%)
BOP 33.68 Increased By ▲ 0.01 (0.03%)
CNERGY 8.08 Decreased By ▼ -0.06 (-0.74%)
DCL 11.64 Increased By ▲ 0.26 (2.28%)
FCCL 52.14 Decreased By ▼ -0.13 (-0.25%)
FCSC 5.63 Increased By ▲ 0.13 (2.36%)
FFL 18.01 Increased By ▲ 0.29 (1.64%)
FNEL 1.35 Increased By ▲ 0.04 (3.05%)
HUMNL 11.04 Decreased By ▼ -0.14 (-1.25%)
KEL 7.84 Decreased By ▼ -0.02 (-0.25%)
KOSM 5.73 Increased By ▲ 0.09 (1.6%)
MLCF 86.51 Increased By ▲ 0.91 (1.06%)
NBP 184.30 Increased By ▲ 0.68 (0.37%)
PACE 11.65 Decreased By ▼ -0.03 (-0.26%)
PAEL 39.96 Decreased By ▼ -0.31 (-0.77%)
PIAHCLA 25.67 Decreased By ▼ -0.13 (-0.5%)
PIBTL 17.27 Increased By ▲ 0.23 (1.35%)
PPL 222.67 Decreased By ▼ -1.39 (-0.62%)
PRL 34.46 Decreased By ▼ -0.16 (-0.46%)
PTC 63.74 Decreased By ▼ -0.25 (-0.39%)
SEARL 90.46 Increased By ▲ 0.37 (0.41%)
SSGC 26.67 Increased By ▲ 0.07 (0.26%)
TELE 8.91 Decreased By ▼ -0.17 (-1.87%)
THCCL 68.47 Increased By ▲ 1.11 (1.65%)
TPLP 11.20 Decreased By ▼ -0.22 (-1.93%)
TREET 24.70 Decreased By ▼ -0.01 (-0.04%)
TRG 70.59 Decreased By ▼ -0.39 (-0.55%)
WAVES 11.11 Increased By ▲ 0.13 (1.18%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Business & Finance

ECB wants banks to segregate any virtual currency business

Published May 14, 2018 Updated May 14, 2018 11:47am
Save
1 min
comment
By Shoaib Ur RehmanReuters
Add BRecorder as a trusted
source on Google
Google Preferred Source

FRANKFURT: Banks should ring-fence any business they do with virtual currency (VC) such as Bitcoins and post "adequate" amounts of capital against it, a European Central Bank board member said on Monday.

"Due to the high volatility of VCs it might seem appropriate to require any VC trading to be backed by adequate levels of capital, and segregated from other trading and investment activities," Yves Mersch told a conference in Turkey.

Copyright Reuters, 2018
 

 

 

 

Comments

Comments are closed for this article.

More Stories

Browse all stories