EU Regulator Urges Banks to Shun Bitcoin Until Rules in Place

EU Regulator Urges Banks to Shun Bitcoin Until Rules in Place

Tomohiro Ohsumi/Bloomberg

Virtual currencies have come under increased scrutiny from regulators and prosecutors around the globe. Mt. Gox, once the world’s biggest Bitcoin exchange, filed for bankruptcy in Japan earlier this year amid claims it lost 850,000 Bitcoins.