The European Commission has warned EU residents about the risks of cryptocurrency investing The European Commission has warned investors about the risks of investing in cryptocurrencies. Writes about it Reuters.

European Commission warns EU residents about the risks of cryptocurrency investing

The European Commission has warned investors about the risks of investing in cryptocurrencies. Writes about it Reuters.

Vice-President of the European Commission Valdis Dombrovskis said that hesitation bitcoin rate cause him concern, noting that digital currencies not provided by any issuer or government.

«In recent weeks, we have increasingly paid attention to bitcoin. It carries obvious risks for investors and consumers associated with the volatility of its exchange rate.», - he said, among the risks highlighting the likelihood of a complete loss of investment, operational and security miscalculations, market manipulation, as well as risks due to the lack of financially responsible persons.

«Investors should be aware that it can fall at any moment. Virtual currencies such as bitcoin, – these are not real currencies».

Dombrovskis also said that he contacted European regulators involved in the supervision of the banking industry and financial markets and asked them to issue relevant warnings about the risks of investing in bitcoin..

Earlier, the European Commission announced its intention to toughen penalties for cybercrimes using cryptocurrencies.

 

Similar articles

• Deutsche Bank: Investors increasingly prefer bitcoin over gold to hedge inflation Analysts at Deutsche Bank, Germany's investment bank, highlight bitcoin's strengthening status as a store of value.

  Deutsche Bank: Investors all prefer bitcoin more often gold for inflation hedge analysts German investment bank Deutsche Bank noted...

• The launch of digital currencies by the largest banks in the world is postponed due to regulatory obstacles The launch of digital versions of national currencies with the participation of 13 of the world's largest banks, most likely, will not be implemented according to plan this year, writes Reuters.

  Running digital currencies by the largest the world's banks are postponed due to regulatory barriers Launch digital versions of national currencies with the participation 13...

• Billionaire Ray Dalio: I May Be Wrong About Bitcoin Against the background of the current rise in the price of bitcoin, critics who spoke unflatteringly about the first cryptocurrency a few days ago are beginning to wonder if they understand everything correctly. Billionaire and Bridgewater Associates founder Ray Dalio posted a series of tweets in which he admitted that he «may be missing something» about bitcoin, and asked «correct» his.

  Billionaire Ray Dalio: I can be delusional about bitcoin On background of the current recovery bitcoin prices critics, unflattering who have spoken about the first...