ESMA informs about risks associated with BTC, and Ray Dalio thinks the US may ban cryptocurrency

ESMA warns of risks associated with BTC

ESMA believes that some crypto assets are “very risky and speculative.” And the lack of regulation really deprives investors of any guarantees and security.

“Consumers must be alert to the high risks of buying and/or holding these instruments,” the report says.

Ray Dalio says that the US may ban cryptocurrency

“Every country treasures its monopoly on controlling the supply and demand. They [the authorities] don’t want other monies to be operating or competing, because things can get out of control, ”Dalio said.

According to the billionaire, the first crypto coin has proven itself excellently since its inception. Bitcoin has quite a few fans, and its blockchain has not been hacked.

“It is an alternative, in a sense, store hold of wealth. It’s like digital cash. And those are the pluses,” concluded Dalio.

President of Microsoft Corp. spoke out against digital assets

“The money supply almost uniquely needs to be managed by an entity that is responsible to the public and thinks really only about the public interest, and that means governments,” said the top manager of the company.

Earlier, Microsoft announced the launch of a decentralized identifier network powered by the BTC blockchain. It was reported that the solution will allow the creation of DIDs and can be used on social networks.

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