Bitcoin reveals US regulators worry

Bitcoin reveals US regulators worry

World June 22, 2016 09:09

- A group of US regulators worried that the growing popularity of bitcoin and other digital currencies could jeopardize financial stability. It is the first time that the club's potential risks of the 'internet money' so explicitly raise. Writes Financial Times Wednesday.

The so-called Financial Stability Oversight Council, which include the Ministry of Finance, the Federal Reserve and Securities and Exchange Commission belong, believes that market 'limited experience' have bitcoins and similar currencies. In addition, 'it is possible that vulnerabilities only come to light in the trading system around those currencies when placed in large quantities in circulation'.

The group did not specifically how he is going to intensify supervision.
  
    
     
      
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