silver-coin-investor.com / By Dr. Jeffrey Lewis / Oct 11, 16
We live in a world where the yield-starved and tech-savvy conspire in the basement of the underground and unaccounted. While the rise of Bitcoin and the explosion of alternative currencies may become the new scapegoat of behavioral finance, there is nothing quite like the reality of trickle down finance gone wrong.
Recently, EU officials called for putting safeguards on Internet currency.
The European Banking Authority called on the EU to develop safeguards for trading platforms. They were also called to start groups to oversee each Internet currency to ensure that no individual can manipulate the integrity of a particular virtual currency scheme and its key components. In the meantime, banks shouldn’t buy, hold or sell virtual currencies.