We Will Regulate Bitcoin if Risks Are Not Tackled, EU Finance Head Says
We Will Regulate Bitcoin if Risks Are Not Tackled, EU Finance Head Says
Published on February 26, 2018 at 04:40PM
The European Union has warned that it will regulate cryptocurrencies if the risks exposed by the meteoric rise of bitcoin and its ilk are not addressed. The Guardian: The boom and bust of cryptocurrencies has seen some investors make millions where others have suffered heavy losses. Bitcoin, which now trades around $9,000 a token but recently dropped to less than $6,000, leads the pack rising nearly 2,000% to just under $20,000 in 2017, fuelling a global investment craze. "This is a global phenomenon and it's important there is an international follow-up at the global level," Valdis Dombrovskis, the EU's financial chief, said on Monday. "We do not exclude the possibility to move ahead (by regulating cryptocurrencies) at the EU level if we see, for example, risks emerging but no clear international response emerging."
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Published on February 26, 2018 at 04:40PM
The European Union has warned that it will regulate cryptocurrencies if the risks exposed by the meteoric rise of bitcoin and its ilk are not addressed. The Guardian: The boom and bust of cryptocurrencies has seen some investors make millions where others have suffered heavy losses. Bitcoin, which now trades around $9,000 a token but recently dropped to less than $6,000, leads the pack rising nearly 2,000% to just under $20,000 in 2017, fuelling a global investment craze. "This is a global phenomenon and it's important there is an international follow-up at the global level," Valdis Dombrovskis, the EU's financial chief, said on Monday. "We do not exclude the possibility to move ahead (by regulating cryptocurrencies) at the EU level if we see, for example, risks emerging but no clear international response emerging."
Read more of this story at Slashdot.
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We Will Regulate Bitcoin if Risks Are Not Tackled, EU Finance Head Says
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February 26, 2018
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