ESMA

Bitcoin Coin
Jan 17 '18 13:30

Despite being called a currency, Bitcoin lacks many of the very important characteristics that currencies have, Steven Maijoor, chairman of the European Securities and Markets Authority (ESMA), said in an interview with Bloomberg. The extreme volatility of the biggest cryptocurrency alone undermines its use as an actual currency, and it is also not broadly accepted, Dutch man said.

Bitcoin's value fell about 25 percent on Tuesday. Since touching 20 thousand dollars on December 17th, the cryptocurrency's value dropped over 49 percent. 

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