Banks in the European Union should refrain from offering customer accounts in virtual currencies like Bitcoins until regulatory safeguards are in place, the bloc’s banking watchdog said on Friday.The EU’s executive European Commission responded by saying it was imperative to look quickly at possible regulation. Bitcoin, the best known of the 200 or so computer-generated currencies, started circulating in 2009, and acceptance has been growing as more merchants allow customers to pay for goods and services in the currency.
Read More : EU banks watchdog advises lenders to shun bitcoins
Read More : EU banks watchdog advises lenders to shun bitcoins
