Bank of France skeptical on Bitcoin
Source: AFP |
December 6, 2013, Friday
|
Print Edition
Print Edition
France’s central bank yesterday warned against the use of the virtual currency Bitcoin, noting it is not only highly volatile but also unregulated by authorities.
Launched in 2009 as the invention of a mysterious computer guru, Bitcoins can be exchanged online for real money or used to buy goods and services online.
It has gained popularity in recent weeks after US regulators, including Federal Reserve Chairman Ben Bernanke, viewed it positively at a congressional hearing last month.
But the Bank of France said the “highly speculative” currency poses a “certain financial risk” to users.
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