Carl-Ludwig Thiele, Member of the Executive Board of the Bundesbank, one of the largest banks in the world. Europe, confirmed that the euro area does not consider digital currency. He said:

"The digital central bank money-like currency is currently not in sight."

The statement goes against an earlier statement by Jens Weidmann, head of the Bundesbank, suggesting that a digital currency comparable to Bitcoin could potentially protect citizens European.

Thiele also warned investors that substantial losses were very possible. He said:

"We are seeing a rapid increase in value, which entails the risk of rapid losses."

The European Central Bank had already suggested regulating digital currencies like Bitcoin, despite earlier statements that the government was powerless to regulate cryptocurrencies.

Despite the rejection of the concept in the euro area, other countries still contemplate government crypto-currencies. Russia and Dubai have both started working towards nationalized digital currencies.