EU regulators warn consumers of virtual currencies bubble

Three European regulators have warned investors about the risks associated with dealing with virtual currencies, saying they are unsuitable "for most purposes, including investment and retirement planning".

The European Securities and Markets Authority, the European Banking Authority and the European Insurance and Occupational Pensions Authority have joined together to express their concern over the fact that an increasing number of consumers are buying virtual currencies without being aware of the "high risk" of losing their money.

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