December 17, 2013
The Financial Supervisory Authority of Denmark has issued a statement warning against the use of bitcoin, litecoin and the like as “unsafe”, but also saying they will not be regulating crypto-currencies exchanges should they appear.
In total, Tuesday’s statement echoed the European Banking Authority warning that crypto-currencies exchanges are not a safe place with users risking their money as the latter might get stolen or become inconvertible into real money at any point.
However, the formidable preamble was followed by a sudden declaration: As crypto-currency is not money at all, then the FSA has no job in regulating crypto-currencies exchanges.
This article was posted: Tuesday, December 17, 2013 at 3:17 pm