Ukrainian Law Blog
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Tuesday, February 13, 2018
EU watchdogs warn of cryptocurrency price bubble
European regulators say people investing in cryptocurrencies, such as Bitcoin, risk losing all their money.
On Monday (12 February), the European Supervisory Authorities (ESAs) watchdog
issued a joint statement
that the currencies "have shown clear signs of a pricing bubble."
It said people are not protected if their virtual currency were to be stolen or subject to a cyber-attack, given the unregulated nature of the digital money. The ESAs include the securities (ESMA), banking (EBA), and insurance and pensions regulators (EIOPA).
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