US regulator warns consumers of Bitcoin risks

A Bitcoin dispensing machine is seen at a shopping mall in Singapore on March 6, 2014A US financial regulator warned consumers Tuesday that using the online currency Bitcoin is fraught with risks including theft by hacking and fraud. The Financial Industry Regulatory Authority issued the general warning amid a spate of scandals involving the digital currency, which has rocketed in popularity and been the focus of much speculation over the past two years. “Buying and using digital currency such as Bitcoin carry risks. Speculative trading in bitcoins carries significant risk,” FINRA said.

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