Central Banks in New Zealand and Australia Issue Bitcoin Warning

“Representatives from the central banks of New Zealand and Australia have issued their own official warnings on bitcoin, terming the currency ‘interesting, but risky’.  John McDermott, assistant governor at the Reserve Bank of New Zealand (RBNZ), said banks and businesses should ‘tread very carefully’ with the digital currency, in a report by the Wall Street Journal.   RBNZ Governor Graeme Wheeler cited price volatility as a cause for concern.  Next door, the governor of the Reserve Bank of Australia, Glenn Stevens, said he was ‘still trying to understand’ the cryptocurrency during an interview with theAustralian Financial Review.”

http://www.coindesk.com/central-bank-new-zealand-australia-bitcoin-warning/

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