European Union Regulators Warn of Bitcoin Dangers
Just when you thought the folks in Europe were in love with bitcoin, regulators at the European Banking Authority (more commonly known as EBA) have released a warning to European citizens on the dangers of bitcoin. Thankfully, the warning is designed to educate citizens on the possibility of theft and fraud, noting especially that those who dabble in bitcoin are not protected by EU regulations, and as such, should take caution when getting involved in the world of digital currencies. "Consumers should be aware that exchange platforms tend to be unregulated and are not banks that hold their....
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Several European regulators have issued a joint warning on crypto assets. “These assets are not suited for most retail consumers as an investment or as a means of payment or exchange,” they stressed.
EU Supervisory Authorities Warn About the Danger of Investing in Crypto Assets
Three European Supervisory Authorities (ESAs) issued a joint statement warning about the risks of crypto assets Thursday.
The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets....
That didn't take long at all. Just after the news this morning that the European Union was warning consumers about the 'dangers' of bitcoin, Australia and New Zealand have too jumped on the bandwagon, with officials from the central banks of both countries calling bitcoin "interesting, but risky". The warnings? The usual. Doubts about the currency as a whole, the dangers of getting hacked, and of course, the possibility of use for tax evasion and crime (surely something that can't be done with fiat!). It now appears we've entered a full-fledged domino effect with government statements on....
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As Britain plans to exit from the European Union, London-based fintech companies plan to exit Britain. There have been discussions about the United Kingdom exiting from the European Union for a while now. Most of us know that the European Union is not doing that great when it comes to the economy. Many EU countries have been suffering from economic slowdown for years. Greece has been in financial ruins for years now, France is not doing so good either, Germany, Netherlands and rest of the Europe are affected by the counter-sanctions imposed by the Russian Federation. The United Kingdom has....
The European Union (EU) will present an initiative to address the metaverse and all the activities and interactions happening in it sometime in 2023. The proposal, which was qualified as ”key” in the State of the Union letter of intent authored by Ursula von der Leyen, President of the European Commission, will present several initiatives to clarify Europe’s rules and expectations for the metaverse. European Union to Introduce Metaverse Regulation Project Many countries of the world are in the process of integrating and adapting their regulatory frameworks and....