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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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Bitcoin is not regulated, but is traded on specialist platforms. It has no legal exchange rate and no central bank backing it.

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

sentifi.com

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