The European Union says it is ready to regulate cryptocurrencies

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The head of the EU’s financial services has said that the union is ready to regulate cryptocurrencies such as Bitcoin if a global effort is not made to tackle their risks. Valdis Dombrovskis said that worldwide measures were needed if European regulation was to be avoided. There has long been concern not just about the wildly fluctuating value of cryptocurrencies, but also the potential for them to be used in crime. See also: Lloyd’s Banking Group bans Bitcoin payments via credit card Despite reports to the contrary, India is not banning Bitcoin and other cryptocurrencies Microsoft drops Bitcoin support [Update:…

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