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Banks and Bitcoin

Online Exclusives Neil Hodge Mar 29, 2019

A financial giant’s recent foray into digital coin could mean increased cryptocurrency use — and its accompanying risks — in commercial banking.

Some 10 years ago Bitcoin became the world’s first cryptocurrency, but mass adoption of it and other digital currencies has been hampered by price volatility and a general reluctance by investors, financial institutions, and regulators to get behind the technology. Barriers include lack of understanding about how the cryptocurrency works, as well as a trading process that can be opaque and subject to abuse — namely through hacking, market manipulation, and potential fraud.

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Neil Hodge

Neil Hodge is a Freelance Journalist Based in Nottingham, UK.