Author

Topic: EBA opinion on bitcoin (Read 992 times)

legendary
Activity: 2338
Merit: 2106
July 04, 2014, 05:19:42 AM
#7
Quote
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.

sr. member
Activity: 322
Merit: 250
Decentralize All The Things!
July 04, 2014, 05:18:50 AM
#6
Quote
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!
legendary
Activity: 2114
Merit: 1015
July 04, 2014, 05:16:10 AM
#5
Quote
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.
member
Activity: 290
Merit: 28
bitcoin is not a bubble, it is the pin
July 04, 2014, 05:13:59 AM
#4
I'm so glad central banks are there to protect us from all these risks.
hero member
Activity: 703
Merit: 502
July 04, 2014, 05:13:04 AM
#3
Quote
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
legendary
Activity: 2338
Merit: 2106
July 04, 2014, 05:00:35 AM
#2
Quote
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
hero member
Activity: 703
Merit: 502
July 04, 2014, 04:27:38 AM
#1
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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