The European Banking Authority issued a stern warning on the value of buying and trading Bitcoin.
In a statement on Friday, the EBA said that as Bitcoin's popularity rises, it comes with "a series of risks deriving from buying, holding, or trading virtual currencies." The issue, the EBA said, is that virtual currencies like Bitcoin are not regulated by the government, putting any investments into them at risk.
Bitcoin has become a hotbed of controversy over the last few years. Earlier this year, it came under fire after the FBI took down the illegal online marketplace Silk Road, … Read more