7 minutes agoGermany warns Bitcoin users
Periskopi(8 years ago)
(8 years ago)Germany's financial authority head, BaFin, warned yesterday consumers that trade with Bitcoin would produce disillusioned “ ” and could result in a “complete loss for consumers. “These are very speculating processes where loss opportunities are large”, said Felix Hufeld, head of the Federal Financial Supervisory Authority, for the newspaper [...]
Germany's financial authority head, BaFin, warned yesterday consumers that trade with Bitcoin would produce disillusioned “ ” and could result in a “complete loss for consumers.
These are very speculating processes where loss opportunities are large”, said Felix Hufeld, head of the Federal Financial Supervisory Authority, for the German daily “Bild”.
Bitcoin is the first decentralised digital monetary system, which works without the help of a central bank or administrative unit.
Transactions are made among mast users using cryptography without the help of a mediator.
These are very speculating processes with the possibility of causing major losses”, said Felix Hufeld, head of the Federal Financial Supervisory Authority, for the German daily “Bild”, the ATA reports.
Prices in Bitcoin rose steadily at the beginning of the year, from $1000 in January to 1637 on December 20th, according to data conducted by Condesk.
