European Supervisory Authorities “Concerned” About Cryptocurrencies

Cryptocurrencies like Bitcoin have shown clear signs of a pricing bubble and consumers could lose all of their money, the European Union’s banking, securities, and insurance watchdogs said today, February 12th.
The European Supervisory Authorities (ESAs) for securities, banking, and insurance and pensions said in a joint statement that they were “concerned” about an increasing number of people buying virtual currencies without being aware of the risks involved.
The warning was