Bitcoin has faced challenges in some countries, with China banning exchanges dealing with the virtual currency, although it is widely used in others. Photo: Bloomberg

European banks like the look of digital currencies, but bitcoin not on their list of favourites

Virtual currencies can speed up settlement transactions and cut costs, but banks want one controlled by central banks to ensure stability, according to UBS

Topic |   Bitcoin

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Bitcoin has faced challenges in some countries, with China banning exchanges dealing with the virtual currency, although it is widely used in others. Photo: Bloomberg
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