Central banks warn of bitcoin risks of day trading
COM in 30 languages. The rise of prices of cryptocurrencies prices, especially Bitcoin --the most popular digital currency globally-- has made them appealing. A seminar on cryptocurrency was hosted by the bank in Januaryand a research institute of digital currency under central banks warn of bitcoin risks of day trading bank was set up 10 months later. Even if the digital currently doesn't yet pose a risk to the stability of the fiscal system, it could be dangerous long-term. World's 'most youthful' mother, 50, flaunts her super toned….
He pointed out that the development of a digital currency should be a prudent and cautious process, and those promising products also need to be watched, tested and verified before being launched in market. Central banks warn of bitcoin risks of day trading does not recognize Bitcoin and other virtual currencies as legitimate tools like paper money, coins and credit cards for retail payment, Zhou Xiaochuan, the governor of the People's Bank of China, told a recent press conference. Cryptocurrency transactions are generally anonymous and are not subject to any government or central bank regulation. More positive regulators have however said it should be used as a currency but not a legal tender.
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They should also not conflict with the current financial order, Zhou added. Germany German government crisis: Vietnam has launched an investigation into a multi-million-dollar cryptocurrency scam, ordering a crackdown on trading in the highly-popular iFan and Pincoin digital currencies in its lightly regulated market. The life of a cryptocurrency dealer EAC tough stance on cryptocurrency despite popularity Virtual cash splits Kenya regulators Kenya central bank warns of Bitcoin risks.