Cryptocurrency Bitcoins are to become legal tender in Panama, Guatemala and Paraguay, joining El Salvador as pioneers of the future of world economics/likely homes for lots of dodgy money, delete as appropriate. I can’t see much of the population of any of those countries using it to pay for stuff on a day-to-day basis. Most buying it here are young (well, under 60) and those that I’ve come across have dipped in toes via small investments online. The problem will come when advisers who think they know what they’re doing start to recommend it, or the unscrupulous move clients’ pension money in. Stopping ads won’t help. And we’ll all have to pay out. Again.
“US Justice’s largest ever financial seizure sees two arrests over $3.6bn stolen crypto”
I make a point of never recommending anything which is a)unregulated or b) I don’t understand and can’t explain. And here’s proof, were it ever needed, that crypto-bitcoins fall firmly into both categories…
