Bank of England deputy governor John Stevens said he could not predict how the market would react to a decision by the Bank of Ireland to stop making its bank deposits online.

He said he was not concerned about the impact of the decision on people using the digital currency Bitcoin.

However, he did caution that the central bank was still in the early stages of investigating how to best regulate the currency, and he said the bank was not ruling out any steps that might be taken to make sure people are not using it to make illegal payments.

“We’re in the process of talking to the regulator about the risks that come from people using Bitcoin,” he said.

“There is still a lot to be done in terms of regulation, but the central banks is in the first stage of assessing what they need to do to protect the people that use Bitcoin.” 

The Irish Bank Resolution Corporation (IBRC) said it was still waiting for guidance from the central banking authority about whether people using Bitcoins should be banned from making cash withdrawals from banks.

However it said the introduction of a new regulation to prevent people using a virtual currency to make cash transactions had made it safer for people to do so.

The government has already introduced new rules to make it easier for customers to make payments via debit and credit cards in the UK.

In the US, the Federal Reserve Bank has started requiring that banks offer debit and prepaid cards to customers using Bitcoin as a means of payment.

The US Federal Reserve said it would begin enforcing the regulation at the end of the month, and would also work with banks to help them make their card systems more secure. 

However, Mr Stevens said the central banker’s comments did not suggest the US would change its stance on Bitcoin.

“What I would say to people in the US is that it’s not the United States that is changing its mind.

We are talking about the United Kingdom and Canada,” he told the Financial Times.”

It’s the US and Australia that are changing their minds.

We’re going to be watching that closely.”

The UK Treasury has been studying the issue of virtual currencies and other forms of payment in light of the Federal Government’s decision to allow Bitcoin to be used as payment for certain goods and services.

The Treasury has set up a special working group to explore ways in which the payment system could be made safer for consumers, and it is working with regulators in the other countries in the region.

The UK is the only European country that does not currently regulate virtual currencies.

Last month, the UK Government announced a consultation process to assess the impact on consumers of the introduction to the digital payment system.

The consultation has been open for three weeks, with more than 50,000 responses from consumers and businesses.

It will give the Government the opportunity to consider how best to implement changes to make the payment process more secure and consumer-friendly.