Ukrainian Law Blog
Freedom means the supremacy of human rights everywhere
Tuesday, December 12, 2017
Bitcoin risky but 'limited phenomenon', says EU
On Tuesday (12 December), traders were paying around $17,000 (€14,440) for a single bitcoin – more than twenty times its price a year ago.
The virtual currency has received renewed interest since late November, when it passed the €10,000 mark for the first time in its eight-year history.
This has led Ewald Nowotny, a member of the European Central Bank's (ECB) governing council, to say on Monday that because of the scale, "it is certainly increasingly necessary to discuss whether and in what form regulations are needed here".
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