Warning to consumers on virtual currencies (EBA)

[VincentDS]

This article is written by the European banking authority, the new "control organ" of the European banks, concerning bitcoins.
http://www.eba.europa.eu/documents/10180/16136/EBA+Warning+on+Virtual+Currencies.pdf
What do you guys think?

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[lorix]

I don't see it as being particularly biased, its purpose is to inform the unfamiliar public about the risks associated with getting into crypto in general and not just Bitcoin. Its not pro crypto either, the vibe I get is they just want to ensure people dont go into it uninformed.

[bitbrasil]

I think it's just an informational warning, telling people the risks involved when dealing with virtual currencies. It's more like Bitcoin security 101.

[kireinaha]

Just a rundown of basic security principles and risk management concerning crypto currency.

It reminds me of the e-mail I got from President Obama warning me about the danger of opening unfamiliar hyperlinks that I receive by e-mail.

For more information, please visit the following hyperlink.

[BTCisthefuture]

I would hope it's just a simple educational thing for people and not an indication of harsh regulations to come.  China, India, and Tawaiin all issued similar things as well before cracking down on exchanges/businesses  weeks or months later.

[coinrevo]

Ha ha, thanks for the link. Best laugh I had in a while.

You should not use ‘real’ money that you can not afford to lose.