{"id":13136,"date":"2013-12-13T02:17:15","date_gmt":"2013-12-13T01:17:15","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=13136"},"modified":"2013-12-13T02:17:15","modified_gmt":"2013-12-13T01:17:15","slug":"europe-and-the-bitcoin","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/europe-and-the-bitcoin\/","title":{"rendered":"Europe and the Bitcoin"},"content":{"rendered":"<p>The European Banking Authority will on Friday issue a statement warning of the risk of \u201cviolent fluctuations in electronic currencies\u201d value, the danger of \u201cdigital wallets\u201d being hacked, and of the lack of legal protections for users.<\/p>\n<p>The move comes as authorities worldwide try to get to grips with the rapid expansion and soaring value of unregulated cyber currencies. \u00a0The People\u2019s Bank of China this month ruled that Chinese banks <b>should not process or insure Bitcoin transactions <\/b>, in a step towards regulatory oversight of a currency that has exploded in popularity \u2013 and in value \u2013 in recent months.<\/p>\n<p>Other central banks have been more positive, with Ben Bernanke, the US Federal Reserve chairman, last month arguing they <b>can be useful <\/b>if money laundering can be prevented. \u00a0<strong><a href=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/12\/Bitcoin-Warnings-in-Europe.pdf\" target=\"_blank\">\u00a0Bitcoin Warnings in Europe<\/a><\/strong><\/p>\n<p style=\"text-align: center\"><a href=\"http:\/\/www.w-t-w.org\/en\/europe-and-the-bitcoin\/bitcoins\/\" target=\"_blank\" rel=\"attachment wp-att-13138\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-13138\" alt=\"Bitcoins\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/12\/Bitcoins--300x209.jpg\" width=\"300\" height=\"209\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/12\/Bitcoins--300x209.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/12\/Bitcoins--429x300.jpg 429w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/12\/Bitcoins-.jpg 822w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Banking Authority will on Friday issue a statement warning of the risk of \u201cviolent fluctuations in electronic currencies\u201d value, the danger of \u201cdigital wallets\u201d being hacked, and of the lack of legal protections for users. The move comes &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/europe-and-the-bitcoin\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,23,13],"tags":[],"class_list":["post-13136","post","type-post","status-publish","format-standard","hentry","category-corruption","category-entrepreneurs","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"The European Banking Authority will on Friday issue a statement warning of the risk of \u201cviolent fluctuations in electronic currencies\u201d value, the danger of \u201cdigital wallets\u201d being hacked, and of the lack of legal protections for users. 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