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| Subject: European Union considers regulating online currency Bitcoin after thefts; AnCaps reply: Fuck off Mon Dec 16, 2013 1:13 am | |
| Trading Bitcoins could bleed you dry, the European Union's top banking regulator said as it weighed up whether to regulate virtual currencies.
Thefts from digital wallets have exceeded $1 million in some cases and traders aren't protected against losses if their virtual exchange collapses, the European Banking Authority said on Friday in a report warning consumers about the risks of cybermoney.
Virtual currencies such as Bitcoin have come under increased scrutiny from regulators and prosecutors around the globe. China's central bank barred financial institutions from handling Bitcoin transactions last week and German police arrested two suspects in a fraud probe into illegally generated Bitcoins worth €700,000 ($1,072,570).
Read more: http://www.smh.com.au/business/world-business/european-union-considers-regulating-online-currency-bitcoin-after-thefts-20131215-2zf92.html#ixzz2ncEkfcN5 |
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