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.