EU watchdogs warn consumers of cryptocurrency 'pricing bubble'

[February 12, 2018]    LONDON (Reuters) - Virtual currencies such as bitcoin have shown clear signs of a pricing bubble and consumers could lose all their money, the European Union's banking, securities and insurance watchdogs said on Monday.
 

Representation of the Bitcoin virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration

Cryptocurrencies are highly risky and unregulated products that are unsuitable as investment, savings or retirement planning products, the regulators said in a joint statement.

(Reporting by Huw Jones; Editing by David Goodman)

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