EU Banking Authority Supposedly Bashes Bitcoin
The EUBA (European Union Banking Authority) has supposedly warned that the risks of digital currencies strongly outweigh the positives that they could potentially offer in an "opinion" report they published yesterday (4th July). News outlets jumped on this report as hostile to the emerging cryptocurrency technology, someone who has fully read and studied the report would likely disagree with this paraphrased assumption. This fact has been noticed by many observers in the community. The report also covers many benefits of digital currency and urges further investigation as they mature and....
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The European Banking Authority on Friday released an "opinion" report on virtual currencies, which has just started to make its rounds across the crypto-community. The 46-page report (which we have embedded below for your review) takes many different elements into account here, but also makes some statements that community members may find controversial. From the report's executive summary: While there are some potential benefits of VCs [virtual currency], for example, reduced transaction costs, faster transaction speed and financial inclusion, these benefits are less relevant in the....