Bitcoin: Like the Wild West?

The feds are comparing virtual currencies like Bitcoin to the Wild West. The Consumer Financial Protection Bureau warns those currencies are not backed by the government, have volatile exchange rates and are popular with hackers. It also says Bitcoin-based deposits are not federally insured. The warning comes as the bureau prepares to take complaints from people who rely on those currencies.



 
Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus