Bitcoin was designed to be a decentralised peer-to-peer payment protocol and one that would fall outside the control of both governments and banks.
This, however, has not prevented central banks from voicing their opinion on the digital currency and its potential regulation.
Although bitcoin regulation continues to be a contentious subject, some central banks have said it is necessary. Others have assessed the potential costs of regulation and realised that this would not outweigh the benefits.
Additionally, institutions have explored both the risks and benefits associated with the use of bitcoin and blockchain technology.
Who's said what and when? Check out our interactive timeline below for a refresher on the stance of central banks so far this year.
Bitcoin image via Shutterstock.
For more information on bitcoin regulation, check out our regulation report.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.