Don’t get bit by Bitcoin, U.S. agency warns
By Charles Elmore, The Palm Beach Post, Fla. | |
McClatchy-Tribune Information Services |
"Virtual currencies may have potential benefits, but consumers need to be cautious and they need to be asking the right questions," said
Such offerings as Bitcoin, XRP, and Dogecoin bill themselves as a way for people to track, store, and send payments over the Internet. But they are not insured by the
Other concerns: volatile exchange rates, security threats from hackers and scammers and limited opportunities to offer help or refunds for lost or stolen funds.
Last month a group representing virtual currency concerns, the
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