The Czech National Bank has published a statement of bitcoin and cryptocurrency.
The document address the popularity of bitcoin in Prague and the Czech Republic.
The cryptocurrency poses a threat to the traditional banking system. It's fiat of currencies comprise better currencies than bitcoin due to price stability.
The Czech National Bank States That There “Is No Reason for Banks to Fear” Bitcoin
The Czech National Bank states that there is no reason for banks to fear of bitcoin and cryptocurrency.
Price stability is argued to be the most beneficial feature of money in its present form the bank concluding.
source https://news.bitcoin.com/czech-national-bank-publishes-letter-addressing-bitcoin/?utm_source
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