Arab Today, arab today bok doubtful about bitcoin as future means of exchange
Last Updated : GMT 19:10:18
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BOK doubtful about Bitcoin as future means of exchange

Arab Today, arab today

Arab Today, arab today BOK doubtful about Bitcoin as future means of exchange

Seoul - Yonhap

South Korea's central bank said Friday it is highly doubtful that virtual money Bitcoin could grow into an alternative payment tool due to its vulnerability to hacking attacks and price volatility. "There have been no security measures although the number of online hacking on Bitcoin users and exchanges is on the rise," a report by the Bank of Korea (BOK) said, also citing its limited acceptability.

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