Sa tingin ko may point naman ang ESA, risky naman talaga ang maginvest sa crypto kasi nga walang regulatory agencies ng government ng magpoprotect sa mga investors kung saka-sakali mahack ang mga crypto.exchanges kung saan pwede nakatago ang mga investment mo katulad ng nangyari sa Mt. Gox isang malaking bitcoin exchange sa Japan na hack daw ang kanilang system noong 2014.
On the positive side naman, sa tingin ko paninira na rin yan ng ESA. Pansin mo kasapi nito ang mga European banks so sa tigin ko takot masapawan ang mga bangko ng crytocurrency. Kasi pag marami maginvest sa crypto sigurado hihina ang mga banks. The bottomline, sa tingin ko hindi pa rin matitinag ang mga tao na maginvest sa crypto kasi sa mga benefits na taglay nito compared sa fiat money.
Topic: WHAT WILL YOU SAY ABOUT THIS CRYPTO NEWS?? (Read 113 times)
The European Supervisory Authorities (ESAs) has warned customers that cryptocurrencies are “highly risky” assets that show “clear signs of a pricing bubble” in a pan-European Union consumer warning released Monday, Feb. 12.
The ESAs is made up of the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA).
The high risk associated with investing in cryptocurrency, according to the ESAs, means that investors can "lose a large amount, or even all, of the money invested:”
"The ESAs warn consumers that VCs (virtual currencies) are highly risky and unregulated products and are unsuitable as investment, savings or retirement planning products.”
The warning, published on the ESMA website, comes with an introduction that explains the fear that too many people are investing in crypto without fully understanding the risks.
The official warning also brings up the idea that unregulated exchanges are unprotected because of their existence outside of global financial regulations, meaning a customer’s losses from an event like a cyberattack would not be covered by EU law.
The ESAs’s warning ends with advice for investors to protect themselves:
“You should not invest money you cannot afford to lose.”
ESMA had previously warned
source: https://cointelegraph.com/news/russia-ministry-of-communications-requires-ico-issuers-to-have-17-mln-nominal-capital
nakakapangamba ang ganitong balita. Pwedeng maging reason to para maraming hindi mag invest sa crypto currency at pwedeng maging dahilan yun na mas bumaba pa ang value ng bitcoin and other altcoins at pwedeng ikabagsak eto ng mundo ng crypto.
The ESAs is made up of the European Securities and Markets Authority (ESMA), the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA).
The high risk associated with investing in cryptocurrency, according to the ESAs, means that investors can "lose a large amount, or even all, of the money invested:”
"The ESAs warn consumers that VCs (virtual currencies) are highly risky and unregulated products and are unsuitable as investment, savings or retirement planning products.”
The warning, published on the ESMA website, comes with an introduction that explains the fear that too many people are investing in crypto without fully understanding the risks.
The official warning also brings up the idea that unregulated exchanges are unprotected because of their existence outside of global financial regulations, meaning a customer’s losses from an event like a cyberattack would not be covered by EU law.
The ESAs’s warning ends with advice for investors to protect themselves:
“You should not invest money you cannot afford to lose.”
ESMA had previously warned
source: https://cointelegraph.com/news/russia-ministry-of-communications-requires-ico-issuers-to-have-17-mln-nominal-capital
nakakapangamba ang ganitong balita. Pwedeng maging reason to para maraming hindi mag invest sa crypto currency at pwedeng maging dahilan yun na mas bumaba pa ang value ng bitcoin and other altcoins at pwedeng ikabagsak eto ng mundo ng crypto.
Jump to: