EU warns of bitcoin risks

The European Commission has warned of risks for investors and consumers from bitcoin, including the possibility of losing all their investment.

European Commission Vice-President Valdis Dombrovskis has written to three EU banking and markets watchdogs to ask them to update their warnings on the risks of investing in bitcoin.

Dombrovskis said he was concerned about major fluctuations in the value of bitcoin, warning that these showed signs of a "pricing bubble".

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