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Bitcoin is risky, Israel warns amid talk of regulating virtual currency

Posted on 21 February 2014

Supporters are drawn to its decentralized platform. Detractors call it a bubble prone to be exploited by criminals. Israel said it was considering regulation of Bitcoin and warned citizens that using such decentralized virtual currencies was risky.
As a virtual currency, Bitcoin is passed between two parties digitally and can be traded on exchanges for real-world currencies. Its value fluctuates according to user demand but it is not backed by any government or central bank………………………………………..Full Article: Source


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