European Regulators Discussing Bitcoin

The regulations are coming.  FT reports on the "concern" European bankers have for those speculating in Bitcoin:

Carl-Ludwig Thiele, a board member of Germany’s central bank, told the newspaper Handelsblatt that Bitcoins were “highly speculative” due to their high volatility and the way they were constructed.

Yhiele added that central bankers and regulators in Europe were increasingly discussing the Bitcoin phenomenon, though their efforts had so far stopped at warning people over the “enormous” speculation risks the currency posed.

A spokesman for the Bundesbank said that Mr Thiele’s views were shared by the central bank, and that they were in line with recent warnings from the European Central Bank over the risks of Bitcoin.