In recent months, the regulators of the financial markets and central banks have issued multiple warnings against the risks associated with virtual currencies. On Monday 12 February, it was the turn of the three European financial supervisory authorities (ESA): ESMA, EBA and EIOPA, which supervise the financial markets and the banking and insurance sectors respectively, to sound the alarm.
They consider that virtual currencies, like Bitcoin, Ripple and Ether, have been extremely unstable...