Latvia’s Central Bank — aptly named the Bank of Latvia — isn’t entirely in support of bitcoin and digital currency as a whole, it would seem.
A financial analyst at the central bank issued a warning to the Latvian public which sentiments echoed time and time again by central banks around the world.
The analyst, Mr. Deniss Filipovs, warned that the buying and exchanging of the digital currency carries some level of risks (something made all to clear with the collapse of Mt. Gox earlier this year).
Filipovs added that bitcoin isn’t issued by any central bank (which, frankly, is one of the selling points), and that it can’t be used as legal tender. Not surprisingly, bitcoin isn’t and cannot be backed in the event of the collapse.
So really — all things we’ve heard before. But the timing of the analyst’s statement is interesting.
The statement — which seems like more of a warning — comes just days following the country’s national air carrier quietly accepting bitcoin.
That air carrier, airBaltic, didn’t make a huge announcement or big scene about the acceptance, but it’s unlikely this news will hurt their bitcoin sales moving forward.
Users of the digital currency are quite accustomed to these warnings by now, but you certainly can’t blame the central bank or its analyst for taking this stance.
It’s their job, after all.
[textmarker color=”C24000″]Source[/textmarker] Xinhua News Agency [textmarker color=”C24000″]Image[/textmarker] Kaihsu Tai