[2018-03-01] Lithuanian Banking Group Warns Over Crypto Investments

[PIMPdev]

A self-governing banking organization in Lithuania has issued a warning to domestic investors regarding the risks associated with cryptocurrencies.

In a statement put out on Tuesday, the Lithuania Banking Association stated that, while cryptocurrency has recently gained significant attention, it still remains obscure to domestic investors. As such Lithuanian investors were advised to be cautious in dealing with digital assets.

According to the statement:

"Those who decide to invest in cryptocurrency must realize that they do so only at their own risk. Virtual currencies are unattended and unregulated. Today's value of cryptocurrencies is based on speculations and transactions of such currencies are usually irrevocable and anonymous."

read next https://www.coindesk.com/lithuanian-banking-group-warns-over-crypto-investments/

[Schirer]

A self-governing banking organization in Lithuania has issued a warning to domestic investors regarding the risks associated with cryptocurrencies.

In a statement put out on Tuesday, the Lithuania Banking Association stated that, while cryptocurrency has recently gained significant attention, it still remains obscure to domestic investors. As such Lithuanian investors were advised to be cautious in dealing with digital assets.

According to the statement:

"Those who decide to invest in cryptocurrency must realize that they do so only at their own risk. Virtual currencies are unattended and unregulated. Today's value of cryptocurrencies is based on speculations and transactions of such currencies are usually irrevocable and anonymous."

read next https://www.coindesk.com/lithuanian-banking-group-warns-over-crypto-investments/

Lithuania as a country is pro- blockchian tech. And this seems as just another statement from scared banksters which are losing clients.

[Kronos21]

A self-governing banking organization in Lithuania has issued a warning to domestic investors regarding the risks associated with cryptocurrencies.

In a statement put out on Tuesday, the Lithuania Banking Association stated that, while cryptocurrency has recently gained significant attention, it still remains obscure to domestic investors. As such Lithuanian investors were advised to be cautious in dealing with digital assets.

According to the statement:

"Those who decide to invest in cryptocurrency must realize that they do so only at their own risk. Virtual currencies are unattended and unregulated. Today's value of cryptocurrencies is based on speculations and transactions of such currencies are usually irrevocable and anonymous."

read next https://www.coindesk.com/lithuanian-banking-group-warns-over-crypto-investments/

Lithuania as a country is pro- blockchian tech. And this seems as just another statement from scared banksters which are losing clients.

The most advanced IT industry country in the Baltic region is Estonia. In all other respects I agree with you. All politicians and officials have their own interests in the banking sector. They are always interested in cooperation with bankers. Such statements do not report anything new. Those who accept cryptocurrency they know about it and deliberately take risks. Those who hesitates will not buy cryptocurrency while to take the decision for themselves.

[richardsNY]

And this seems as just another statement from scared banksters which are losing clients.

It's just a standard warning that has been echoed by regular and central banks for quite some time now. In this specific case, honestly speaking, I find the words spoken out to be well justified, and quite fair. It's not that they are advising people or other entities to stay away from crypto, but just to make them aware that you are responsible for your own actions. I have seen other banks say the same to a certain extent, but they literally recommended everyone to stay away from crypto on top of that. In most cases we jump on every similar article with pulled guns, which more often than not is well justified, but in this case you also have to admit that things aren't all that bad. It's not even a warning, but more a reminder....

[BitcoinGuruOne]

And this seems as just another statement from scared banksters which are losing clients.

It's just a standard warning that has been echoed by regular and central banks for quite some time now. In this specific case, honestly speaking, I find the words spoken out to be well justified, and quite fair. It's not that they are advising people or other entities to stay away from crypto, but just to make them aware that you are responsible for your own actions. I have seen other banks say the same to a certain extent, but they literally recommended everyone to stay away from crypto on top of that. In most cases we jump on every similar article with pulled guns, which more often than not is well justified, but in this case you also have to admit that things aren't all that bad. It's not even a warning, but more a reminder....

At the first glance, this kind of warning in this specific region which is known to be welcoming regarding Block-chain startups seemed to  be out of place.
After digging deeper, i come to conclusions that this warning could indeed be in place possibly because of the potential situation in country. Perhaps the new of Lithuanian Bank deciding to probe " bankeras" ICO ( https://www.coindesk.com/lithuanias-central-bank-probes-100-million-euro-ico/) which at the moment also for me seems shady.