“The central bank of Estonia, where Swedish banks dominate the lending market, urged consumers to steer clear of Bitcoin, warning that the software and others like it could prove to be little more than a ‘Ponzi scheme.’ Bitcoin ‘is a problematic scheme,’ Mihkel Nommela, head of the Estonian central bank’s payment and settlement systems department, said in an e-mailed reply to questions. ‘All risks are assumed by the user, who has no one to turn to for help.’ Regulators and banks are escalating warnings against Bitcoin, and other digital currencies, amid concern such software lends itself to financial crime.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
At White House Request, Lockheed Martin Drops Plan to Issue Layoff Notices
Twice-fired TSA manager gets his job back AGAIN after judge rules he was unfairly sacked
McGruff, The Crime Dog, Sentenced To 16 Years For Pot, Weapons
Security-Enhanced Android: NSA Edition
Gun registry 'scheme' among concerns over US signing of UN arms treaty
German Anti-Euro Party a Growing Challenge for Merkel
State Department oversight of climate change spending abroad is a mess, watchdog reports
Nancy Pelosi sends fifth letter on Syria
Australian Train Drivers, Paid Like U.S. Surgeons, Replaced With Robots
Even when jobs return, Detroit’s workers fall short on skills
Venezuela inmates open jailhouse nightclub
Wave of dozens of player arrests continues to plague NFL
Shopping tools help patients find cash prices for medical procedures
A’s for Athletes, but Charges of Fraud at North Carolina
Italy’s Beppe Grillo Pushes For Euro Referendum