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EU watchdog snarls about Bitcoin
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Old 16th November 2017, 18:14   #1
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Default EU watchdog snarls about Bitcoin

You can lose everything

Europe’s top markets regulator has warned investors about the pitfalls of buying newly issued crypto coins, an experimental and unregulated form of online crowd funding particularly used by start-up businesses.

But the European Securities and Markets Watchdog (ESMA) said on Monday such Initial Coin Offerings (ICOs) were unregulated, volatile, not transparent and technologically untested.

“ICOs are extremely risky and highly speculative investments,” the agency said, adding there was a risk of “the total loss of your investment”.
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