Economy

Bitcoin causing trouble in markets

by Bernie Becker - 12/06/13 9:59 AM ET

Governments and banks around the world still don’t know how to handle Bitcoin – and that’s made the virtual currency even more susceptible to fraud.

For instance, the sort of scams that financial markets regularly shut down can be allowed to continue when virtual currencies are involved, The New York Times reports.

{mosads}The Chinese government and the Bank of France are among those approaching Bitcoin with caution. But Bank of America also said it had the potential to be a “major player.”

Tags Bitcoin