• This Country Is Warning Against ‘Risky and Inherently Speculative' Cryptocurrencies

    4 days ago - By Fortune

    Bank Indonesia is taking a firm stance against cryptocurrencies as it urges all parties to refrain from owning, selling or trading the tokens.
    "Owning virtual currencies is very risky and inherently speculative," the central bank said in a statement Saturday. The digital tokens "are prone to forming asset bubbles and tend to be used as method for money laundering and terrorism funding, so it has the potential to affect financial-system stability and harm the public."
    The move highlights the challenge faced by regulators as they seek to manage potential risks from the global cryptocurrency...
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