“Bitcoin ‘has the potential to be a game-changer’, a director at Big Four accountant EY has said, in the latest sign the City is paying close attention to the controversial digital currency. Colin Pickard said Bitcoin could bring substantial benefits to the financial services industry by cutting down the costs of cross-border transactions. He added, that unless governments start regulating it, the currency may never ‘take off’, as it still faces serious hurdles. However Mr Pickard and others at EY, who have been following Bitcoin closely for the last year or so, said it is beset by myths, and that it would be wrong to think of the digital currency as truly anonymous or particularly vulnerable to hacks.”
Related posts:
Millions affected after cyber attack on HSBC
Behind Google’s mission to map the world
ECB Should Join ‘Currency War’ to Weaken Euro, France's Montebourg Says
More trade payments settled in yuan
Spanish "Robin Hood" Mayor Loots Supermarkets, Banks
SF Police shut down chess games on Market Street
17% Would Vote to Secede and Form New State
Gold Beats Cocaine as Colombia Rebel Money Maker
Officer Convicted In Shooting Death Becomes Police Chief
Well-to-do get mortgage help from Uncle Sam
San Diego Mayor Bob Filner Urges ‘Jury Nullification’ In Medical Pot Dispensary Case
Chicago Public Schools' pain is these financial firms' gain
Fed rate-hike speculation lifts U.S. dollar to three-month high
Ron Paul on the Gold Standard
Are we on the brink of war? 1914 past and 2014 present compared