Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Fidor Bank CEO hails bitcoin as natural part of digital lifestyle

Matthias Kröner, CEO of Fidor Bank of Germany, while speaking to IBTimes shared his views on Bitcoin, Bitcoin regulations, and also the laid-back attitude of politicians in his country that he is facing and also spoke about the importance of the cryptocurrency.

He said that bitcoin is the "natural part of digital lifestyle" and that his bank will open up in UK this year. He acknowledged the absence of proper Bitcoin regulations in his own country and said that he himself has tried to convince politicians on digital currency regulations numerous times by citing benefits that they could reap in an increasingly bitcoin-friendly world.

But he added that his arguments have not succeeded to convince the authorities on Bitcoin. He also criticized the politicians and their failure in understanding the significance of Bitcoin and other digital currency by calling them "the biggest local disadvantage."

Fidor Bank is an innovative German bank that received a full European banking licence in the year 2009. This year, it announced a "Bitcoin Express" service which will allow users to buy and sell bitcoin instantly on its partner exchange, bitcoin.de. The bank also entered into a partnership with Kraken in the USA.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 818878818878m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 818878818878m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 830698830698m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 818878818878m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 830698830698m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 818878818878m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 818878818878m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 818878818878m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.