“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.”