News reached us during our stay here in London about the EBA and France’s crackdown on Crypto exchanges. This action comes after the European Banking Authority launched a very biased and negative report, read report not a law, about digital currency.
EBA says digital currency is high risk. Every financial product has a certain amount of risk that accompanies that product. One of the managers of Deutsche bank in Belgium told us months ago that “ Every financial product that gives more than an average return or interest on someone’s invested capital is always at risk and isn’t covered or “secured’ by the banks.