Several European financial regulators, including the European Organization for Securities and Markets, the European Banking Organization, the European Organization for Insurance and Pensions, made statements about the risks of investment in crypto-currencies. Organizations report that buying and storing crypto currency will ultimately lead to a loss of money. Claims regulators have long been known - crypto-currencies are not regulated by anyone, do not have the status of a payment instrument, are not secured, their holders are not protected in any way. Since last year, regulators in many countries have repeated these accusations as a mantra, hoping to save inexperienced but blinded by the growth charts of fellow citizens. But an unexpectedly rich acquaintance is a more weighty argument in weighing the risks and consequences. Therefore, despite the statements of regulators, throughout the past year, the crypto-exchange exchanges have shown constant growth. Such that by the end of the year some had to close the registration due to lack of capacity. It is likely that the new statements on the part of European regulators were caused by the recent major collapse of leading crypto-currencies. At one point, bitokoyn fell three times compared with its last year's high, experts at the same time began to predict him an even more sad fate. On this fall, many lost their savings. In the past year there were news that people specially for investment in the crypto currency borrowed loans. And the recent fall has once again shown how easy it is to lose everything on crypto-currencies. European regulators once again remind about this, Finextra reports.. A few days ago, the ECB and the World Bank joined the critics of crypto-currency investments.

The heads of the European Central Bank and the World Bank at the same time criticized the crypto currency and compared them with the Ponzi schemes - the form of financial pyramids created by Charles Ponzi in the early 20th century. In the opinion of both leaders, it is too early for large banks to launch their own digital currencies, and bitkoyny and altokkony are still too early to compare with real money.

Original article: European regulators warned of the dangers of crypto currency.