Netherlands Issues Bitcoin Warning to Financial Institutions
The Dutch central bank (DNB) has issued a warning on bitcoin aimed at banks and other financial institutions in the country. Unlike most warnings issued by regulators and central banks across the globe, the Dutch warning does not address end-users of digital currency. Instead, the central bank clearly states that banks and payment institutions should be aware of integrity risks derived from processing transactions related to digital currencies. Anonymity bad for business? The warning (dated 5th June 2014) points out that digital currencies offer a high degree of anonymity so financial....
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