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EU: European Parliament briefing: Virtual currencies: Challenges following their introduction

25 April 2016

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"Virtual currencies began creating controversy soon after their launch. The nature of virtual currencies is difficult to apprehend, the underlying technology is complicated, their operations are conducted in a decentralised way, and they are almost unregulated. No-one can predict if a particular virtual currency may become a direct competitor for existing currencies in the distant future, or if it might just collapse overnight. What is certain, however, is the high level of volatility demonstrated by today’s market leader, Bitcoin."

See the full text: Virtual currencies: Challenges following their introduction (pdf)

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