Bitcoin Surge Sparks Bubble Warning by Top European Official
- EU ramps up language as it sees bitcoin ‘pricing bubble’
- Dombrovskis urges ESMA, EBA to consider regulatory measures
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The frenzy on virtual-currency markets has prompted the starkest warning yet from the European Union’s financial-services chief, who said that investors are at risk of losing everything.
EU Commissioner Valdis Dombrovskis asked the heads of the EU’s three financial supervisors to update their warnings to consumers “as a matter of urgency” in light of recent market developments, according to a letter seen by Bloomberg.