http://www.forbes.com/sites/johnwasik/2014/08/13/whos-got-your-back-on-bitcoin-deals/That’s government speak for “we think this is a huge problem and we ought to investigate it.” That means digital currencies are still on the fringe of legitimacy and you need to be careful, according to latest consumer advisory from the Consumer Financial Protection Bureau.
The CFPB is concerned about Bitcoin and other digital currencies. As more and more vendors accept it, this unregulated currency has come under scrutiny. Who controls the supply of it? Can hackers steal it easily — as they’ve done in the past two years? Who’s policing it? What about people who hide assets in Bitcoins during a divorce? Can you do that? These are all unanswered questions.
