bostonangler Posted January 8, 2019 Report Share Posted January 8, 2019 (Bloomberg) -- Crypto currencies will probably die as a “complete load of nonsense,” according to European Central Bank policy maker Ardo Hansson. “The bubble has already started to collapse and maybe we should just see how far this collapse goes, and what is left when we’ve reached a new kind of equilibrium,” the Estonian central-bank governor told a conference in the Latvian capital of Riga. “I think we will come back a few years from now and say how could we ever have gotten into this situation where we believed this kind of a fairy-tale story.” Still, Hansson warned that authorities may need to focus on investor-protection aspects “if grandmothers start investing in that,” and highlighted concerns that crypto currencies can be used for illegal activities. Financial-stability issues may arise if links between virtual assets and the regulated financial sector are starting to increase, he added. While Hansson has voiced similar views earlier, the country’s financial watchdog warned recently that it views companies providing services linked to crypto assets as a new source of money-laundering risks. The nation’s police issued almost 500 licenses to crypto-currency exchange providers in a year, and more than 440 licenses to companies offering a wallet service. A frontrunner in digital services, Estonia is still reeling following the $235 billion dirty-money scandal that has engulfed the country’s branch of Danske Bank A/S. https://finance.yahoo.com/news/virtual-currencies-down-load-nonsense-171051159.html B/A 1 1 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted January 9, 2019 Report Share Posted January 9, 2019 With all due respect B/A but to believe this article would be a very costly mistake. 1 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted January 9, 2019 Author Report Share Posted January 9, 2019 2 hours ago, ladyGrace'sDaddy said: With all due respect B/A but to believe this article would be a very costly mistake. I brought this over because this is related to Central Banks... They will keep this down until they can control it, just like all currencies. JMHO B/A 1 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted January 9, 2019 Report Share Posted January 9, 2019 53 minutes ago, bostonangler said: I brought this over because this is related to Central Banks... They will keep this down until they can control it, just like all currencies. JMHO B/A Thanks, Central Banks are gonna control cryptos for sure, which is why I say not getting in now would be a costly mistake. 1 1 1 Quote Link to comment Share on other sites More sharing options...
coorslite21 Posted February 9, 2019 Report Share Posted February 9, 2019 B/A You might enjoy the common sense logic of this video.....CL 1 Quote Link to comment Share on other sites More sharing options...
bostonangler Posted February 10, 2019 Author Report Share Posted February 10, 2019 Gracias CL B/A Quote Link to comment Share on other sites More sharing options...
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