Bitcoin an 'Uber' currency carrying risks and dangers
It bypasses a central regulatory authority, can be used for illicit purposes and is highly speculative by nature
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Paris
BITCOIN, which this week soared to a new record high of more than US$8,000, is the monetary equivalent of Uber, since it bypasses central bank regulation and could be attractive for financially fragile countries, economists say.
Nevertheless, it is precisely the lack of oversight that opens up the users of cryptocurrencies such as bitcoin to risks and dangers, analysts warn.
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