EU banking watchdog warns of risks from Bitcoin

Series Title
Series Details 13.12.13
Publication Date 13/12/2013
Content Type

The European Banking Authority said on the 13 December 2013 that there was no protection or compensation for people whose "digital wallets" were hacked, a transfer of virtual money went wrong or a platform was shut, in a formal warning to consumers on the risks of using unregulated online currencies, like bitcoins.

Source Link Link to Main Source http://www.euractiv.com/euro-finance/eu-banking-watchdog-warns-risks-news-532341
Related Links
ESO: Background information: Criminals prefer virtual currencies http://www.europeansources.info/record/criminals-prefer-virtual-currencies/
Deutsche Welle, 13.12.13: Beware of Bitcoins, European banking watchdog says http://dw.de/p/1AYhb

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