Tag Archives: EU Regulator To Banks: Don’t “Buy

InvestmentWatchBlog – EU Regulator To Banks: Don’t “Buy, Hold, Sell” Virtual Currencies – 6 July 2014

 InvestmentWatchWolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter

The European Banking Authority has done it again. It wasn’t exactly ahead of the curve when, in September 2013, virtual currencies (VC) “emerged” on its “radar as one of the many innovations to monitor.” At the time, it marveled at the ability to transfer money peer-to-peer without an intermediary, such as a bank. But this being a “payment service,” it fell into its bailiwick, and so it “began assessing the phenomenon.” Three months after that propitious moment, it issued a public warning,

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