Hungary’s central bank dubs digital currencies “risky”

Hungary’s central bank dubs digital currencies “risky”

Hungary has joined the parade of European countries whose central banks have issued warnings recently about the risks associated with cryptocurrencies. The bank’s statement — which you can read here if you can read/Google Translate Hungarian — argues that currencies such as Bitcoin are riskier than “well-known electronic payment solutions” such as credit cards and electronic money. It further suggests extreme caution when dealing with a currency that is not “under the supervision of the central bank.”


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