Bundesbank official: cryptocurrency has not yet threatened financial stability

Burkhard Balz, a member of the Executive Committee of the German Central Bank, said in a conversation in the European Parliament that cryptocurrencies did not pose a threat to financial stability. But Balz also warned that there is a need to pay close attention to the popularity of crypto assets. However, he also has high hopes for digital transformation brought about by artificial intelligence, distributed ledger technology and cloud services.