[2015-01-18] Bitcoin is threat to sterling and may aid terrorists, warn banks

[LiteCoinGuy]

Bitcoin is threat to sterling and may aid terrorists, warn banks

The UK’s biggest banks have questioned the Chancellor’s attempts to make the UK a leading global centre for Bitcoin and other virtual currencies.

In a submission to the Treasury’s consultation on the benefits and threats of digital currencies, the BBA has warned that Bitcoin and others pose major risks to consumers and to the financial system.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11353017/Bitcoin-is-threat-to-sterling-and-may-aid-terrorists-warn-banks.html

[cr1776]

"Sterling" - how quaint. A currency that hasn't been backed by anything, let alone sterling silver, for longer than most people have been alive, has its backers attack Bitcoin.  :-)