EU authorities express concerns about cryptocurrencies

Posted 14 February, 2018

There were several at once European regulators, including the European Securities and Markets Authority, European Insurance and Occupational Pensions Authority, that made a statement about risks connected with investments in cryptocurrencies, according to news reports. They believe that these coins appear to be a classical sample of a speculative bubble and are improper for investment.

This message was delivered under the joint statement released under the EC request. The European regulators have been the last ones to express concerns about investment safety in cryptocurrency market, given the recent collapse of digital coin price on tougher trading rules in China, South Korea, and India.

According to the EU authorities, the virtual coins are subject to heavy volatility and high risks, so investors should be ready to lose most or even all their funds.

This statement can indicate that Europe is also considering ways to regulate cryptocurrency market, in particular amid the recent reports about possible use of digital coins for money laundering and terrorism funding.

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14 February, 2018 16:39

← US dollar at daily peak on Wednesday amid higher inflation report

The greenback rate has peaked vs the majors driven by higher-than-expected inflation in the USA. According to the report of the Labor Department, the annual rate moved up to 2.1% in January and core rate – 1.8%. The consumer price increased 0.5% m-o-m and core level – 0.2%. US futures slumped after the release report brought back concerns about probable early upward revision of interest rate by the Federal Reserve

US dollar at daily peak on Wednesday amid higher inflation report

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14 February, 2018 12:48

US dollar still near weekly bottom on inflation report anticipation →

The US dollar rate keeps staying near a weekly bottom vs the majors on February 14 on at-risk mood concerning USD taking into account an expected US inflation data release. Investors await announcement of the US consumer price inflation rate today to get a clearer picture of the further increase in interest rate by the Federal Reserve in 2018.

US dollar still near weekly bottom on inflation report anticipation
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