Invest in Bitcoin at Your Own Peril and Risk - Head of the Central Bank of FranceThe head of the Central Bank of France issued a warning about the risks of investing in bitcoin. Writes about this The Independent.

Invest in bitcoin at your own risk - Head of the Central Bank of France

The head of the central bank of France issued a warning about the risks of investing in bitcoin. Writes about this The Independent.

François Villerois de Galou, Governor of the Bank of France, said that a "speculative" asset is not a currency, nor is it a cryptocurrency.

"Its price and extreme volatility have no economic basis, and no one is responsible for them," he added..

On behalf of the central bank, Villeroi warned investors that when they invest in bitcoin, they do it at their own peril and risk..

In many ways, his words echo the comment of Vitor Constanzio, Vice President of the European Central Bank, who said on Wednesday that investors are taking risks buying Bitcoin at current levels..

Like other central banks, the Bank of France refuses to take cryptocurrencies seriously, but is actively interested in the possibilities of blockchain technology. In February, a financial institution opened an innovation lab for collaboration with blockchain startups.

Photo: frenchiestravel

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