Overview

DIGITAL

VIRTUAL CURRENCIES:
ADVANTAGE OR RISK?

Adam Farkas, Executive Director of the European Banking Authority, talks about the strong impact digital transformation has had on financial markets.

Virtual currencies: advantage or risk?

Are virtual currencies an advantage or a risk?

Adam Farkas, Executive Director of the European Banking Authority, talked about this in one of our live webinars: they reduce transaction costs, accelerate payment times and allow access to financial services for previously-excluded groups, but they can be used for money laundering and utilize algorithms that are not very secure.

The EBA discourages banks from holding or facilitating the use of these currencies and hopes to bring them within the scope of the EU anti-money laundering directive.



Find out the calendar of upcoming webinars



Leave a Reply

The comments, personal data (name and/or pseudonym) and any other personal information included by the Data Subject in the published comments will be disseminated on the website in keeping with the request expressed by the Data Subject. See the complete information policy.
Read and accepted

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

We appreciate your comments. We reserve the right to remove the sentences deemed offensive.