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Author Topic: EBA opinion on bitcoin  (Read 955 times)
Asrael999
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July 04, 2014, 09:27:38 AM
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EBA proposes potential regulatory regime for virtual currencies, but also advises that financial institutions should not buy, hold or sell them whilst no such regime is in place

http://www.eba.europa.eu/-/eba-proposes-potential-regulatory-regime-for-virtual-currencies-but-also-advises-that-financial-institutions-should-not-buy-hold-or-sell-them-whilst-n

Decide for yourselves if this is good or bad news - BNP probably happy they didn't win any coins last week though.
Implies that there will be regulation but this might hurt companies operating in the EU in the meantime.
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600watt
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July 04, 2014, 10:00:35 AM
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The causes for these risks were also investigated by the EBA. These include for instance that a virtual currency scheme can be created -and its function subsequently changed- by anyone, and in the case of decentralised schemes, such as Bitcoins, by anyone with a sufficient share of computational power, and anonymously so.


 Roll Eyes
Asrael999
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July 04, 2014, 10:13:04 AM
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The causes for these risks were also investigated by the EBA. These include for instance that a virtual currency scheme can be created -and its function subsequently changed- by anyone, and in the case of decentralised schemes, such as Bitcoins, by anyone with a sufficient share of computational power, and anonymously so.


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yes a very european degree of understanding
JustBetweenUs
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July 04, 2014, 10:13:59 AM
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I'm so glad central banks are there to protect us from all these risks.

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July 04, 2014, 10:16:10 AM
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The causes for these risks were also investigated by the EBA. These include for instance that a virtual currency scheme can be created -and its function subsequently changed- by anyone, and in the case of decentralised schemes, such as Bitcoins, by anyone with a sufficient share of computational power, and anonymously so.


 Roll Eyes

yes a very european degree of understanding

Someone should lose their job for being so stupid. Actually, there should be a law against making conceptually false statements for the wider public.

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bananaControl
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July 04, 2014, 10:18:50 AM
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The causes for these risks were also investigated by the EBA. These include for instance that a virtual currency scheme can be created -and its function subsequently changed- by anyone, and in the case of decentralised schemes, such as Bitcoins, by anyone with a sufficient share of computational power, and anonymously so.


 Roll Eyes

yes a very european degree of understanding

Someone should lose their job for being so stupid. Actually, there should be a law against making conceptually false statements for the wider public.

After a while people get so used to it that they often don't even discover the lies, and that's how those in power get away with it. Also, someone please think of the children!
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July 04, 2014, 10:19:42 AM
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The causes for these risks were also investigated by the EBA. These include for instance that a virtual currency scheme can be created -and its function subsequently changed- by anyone, and in the case of decentralised schemes, such as Bitcoins, by anyone with a sufficient share of computational power, and anonymously so.


 Roll Eyes

yes a very european degree of understanding

Someone should lose their job for being so stupid. Actually, there should be a law against making conceptually false statements for the wider public.

if they really want to fight it, we can relax, since they obviously don´t know shit.

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