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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