ECB experiments with record behind bitcoin – Mersch

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FRANKFURT, Apr 25 The European Central Bank is
doing “experimental work” with a same bill record that
underpins practical banking bitcoin though it needs serve research
before deliberation adopting it, an ECB executive house member
said on Monday.

Yves Mersch pronounced a ECB would demeanour into either distributed
ledger record (DLT) — a common database that can be used to
secure and countenance any form of transaction — could be adopted
as a marketplace infrastructure of a euro zone’s complement of
central banks.

“From a executive bank perspective, in a context of our
strategic reflections on a destiny of a Eurosystem’s market
infrastructures, we are positively open to new technologies and,
like many marketplace players, have launched some initial work
with DLT,” Mersch said.

He added: “It is transparent that we have a lot of some-more thinking
to do on DLT-related questions and their process implications.”

The ‘blockchain’ record was initial used to support
virtual banking bitcoin though has given been tested or even
adopted by some brokers and banks for other purposes, such as
trading or pity data.

Broker ICAP pronounced progressing this year it

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