Red lights for bitcoins

One after the other, red lights for bitcoins increase . After the breakthrough announced by South Korea , which is preparing an anti-cryptomete law, signals are coming from other countries. In China, the activity of the "miners", the pivot of the bitcoin system, is also in the crosshairs. Bank Indonesia is now also tense, which officially turned the spotlight on the risks associated with transactions related to virtual currencies. Cryptomonete is a highly speculative and risky investment. Moreover, "they tend to be used as a system of money laundering and terrorist financing, so they have the potential to condition the stability of the financial system". The note of the institute follows the provision that has already forbidden hi-tech companies to use cryptocurrencies for transactions, without however prohibiting trading in full. As was said, the National Internet Finance Association in China (NIFA) warned against the risks arising from a new type of cryptocurrency offer, the so-called "initial mineral offerings" (IMO), stating that it is a collection of camouflaged digital coins that has been completely blocked in the country. "Investors should be alert to the hidden risks of the IMOs," Nifa warned in a statement, urging investors not to make blind investments and encouraged people to report to regulators or the police about such illegal activities. The Chinese government has tightened the regulation on bitcoins and other digital cryptocurrencies to curb financial risks, with closed trades and blocked trades. which called on investors not to make blind investments and encouraged people to report to regulators or the police about such illegal activities. The Chinese government has tightened the regulation on bitcoins and other digital cryptocurrencies to curb financial risks, with closed trades and blocked trades. which called on investors not to make blind investments and encouraged people to report to regulators or the police about such illegal activities. The Chinese government has tightened the regulation on bitcoins and other digital cryptocurrencies to curb financial risks, with closed trades and blocked trades.