Australia, New Zealand Issue Warnings on Bitcoin

That didn’t take long at all. Just after the news this morning that the European Union was warning consumers about the ‘dangers’ of bitcoin, Australia and New Zealand have too jumped on the bandwagon, with officials from the central banks of both countries calling bitcoin “interesting, but risky”.

The warnings? The usual. Doubts about the currency as a whole, the dangers of getting hacked, and of course, the possibility of use for tax evasion and crime (surely something that can’t be done with fiat!).

It now appears we’ve entered a full-fledged domino effect with government statements on bitcoin. So far we’ve heard from China, France, the EU as a whole, Korea, and soon, Switzerland.

What are your thoughts? (via CoinDesk)