The European Banking Authority warning of the dangers of bitcoin

European citizens to trade bitcoins carries risks that the banking authority can not protect . It is a summary of a document by the European Banking Authority (EBA , for its acronym in English ) about the dangers to people who buy , have or used as payment virtual currencies in general and in particular , the bitcoin .This virtual currency was created in 2009 by Satoshi Nakamoto , which is not known whether individual or group and that, in any case, there is no trace .
The bitcoin is an independent decentralized , anonymous and secure monetary system of governments and banks, an encrypted P2P system and circulation through Internet currency.Before disappearing , left Nakamoto created the whole monetary system finally moved through the cyberworld 21 million bitcoins , for now there are 12 million.

    
Virtual currency transactions are public, but the owners and beneficiaries of these transactions, noDespite five years of life, its expansion and upgrading has been in the last year . In early 2013 , the capitalization of virtual currency was 106 million euros , is now 6.430 million. The bitcoin is used increasingly in e-commerce , but also for the payment of physical services .The EBA recognizes the growing popularity of these currencies and , therefore, reminds consumers to platforms exchange real money for bitcoins are not regulated by a banking authority and therefore its virtual money will not be accepted as a deposit traditional banks. "There is a protective standard ," says the EBA , " for financial losses that may occur if a home closes virtual currency exchange " .In the document, the European Banking Authority said that the bitcoins that people have in their virtual wallets can be hacked and stolen , as has happened on several occasions , also warns that the value of this coin can fall with the same speed climbing even be zero . Also advised people not acquire bitcoins for real money you do not have , that is, asking for loans and reminds them that does not serve as a guarantee of payment in the real world .The EBA announcement comes a year after the European Central Bank issued another report on the bitcoin . In 2012 , after noticing that the virtual currency was no threat to the traditional monetary system itself that warned that continuing its expansion , as has been well - could put into question the traditional banking system.

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