Bitcoin price: European Union considers regulating cryptocurrency amid fears of bubble
THE European Union’s financial watchdogs are seeking to burst bitcoin’s bubble to avoid a price boom, after cautious regulators have watched it’s price soar to nearly $20,000 (£14,391) in 2017.Valois Dombrovskis, vice president of the European Commission, has cited “clear risks for investors and consumers associated to price volatility".He has written to three of the bloc’s financial watchdogs warning them of a potential bubble.It comes as the currency’s price had plummeted – and largely levelled – to around $11,800 (£8,520) today, down from roughly $20,000 at the end of last year.
Read full article https://www.express.co.uk/finance/city/908036/Bitcoin-price-European-Union-regulation-bubble
So EU financial regulators want to protect investors from losing money on potentially risky investments? I had hoped they world learn their lesson from the 2008 crisis, sadly it seems not.
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