Bank of Greece Breaks Silence on Bitcoin
The Bank of Greece issued a brief statement on 11th February warning citizens of the potential risks associated with virtual currencies, such as bitcoin. In particular, the bank cautioned that investors should be mindful that losses related to changes in the price of virtual currencies are not protected. A recently released report from the Law Library of Congress, the research arm of the US Congress, suggests that this is the first time the Bank of Greece has issued a statement on virtual currencies. Citing past statements from the European Banking Authority, the release included....
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