“The Danish national bank has released a briefing note firmly declaring bitcoin to not be money, noting that the currency is more like ‘glass beads’. Denmark’s national bank is just the latest central bank to inveigh against bitcoin. In January, Malaysia’s central bank warned citizens that ‘the Bitcoin is not recognised as legal tender in Malaysia… the public is therefore advised to be cautious of the risks.’ In December 2013, the People’s Bank of China banned the country’s financial institutions from trading in the currency, shortly after the former president of the Dutch Central Bank said the currency’s boom was ‘worse than the tulip mania’.”
http://www.theguardian.com/technology/2014/mar/19/bitcoin-danish-national-bank
Related posts:
Marc Rich, King Of Commodities, Dead At 78
US Corporate Tax Rate So Punitive that Companies Are Moving to Welfare States
New study reveals: Marijuana may slow, halt progression of Alzheimer's
Quality the priority over timing for Yangon Stock Exchange opening
IBM Cutting Jobs In U.S. And Globally
Blackstone Funding Largest U.S. Single-Family Rentals
Aggressive US police take hundreds of millions from innocent motorists
Treasury Secretary Lew: Jamie Dimon and I share ‘incredulity' on bitcoin
Phone Records of AP Journalists Seized by U.S. Government
Man Cavity-Searched After Rolling Stop At Wal-Mart
A Plan to Stop the Feds From Reading Your Emails
Peaceful Azerbaijan rally against police violence broken up brutally by police
Relaxed One-child Policy Intensifies China Midwife Shortage
U.S. missile defense system test sputters out
Crime Lab Scandal Leaves Mass. Legal System In Turmoil