Cyberthreats make Bitcoin a safe haven – Bitcoints


Published on May 27th, 2017 | by bitcoin


Cyberthreats make Bitcoin a safe haven

Earlier this month, hackers executed a global cyber attack, reportedly attacking over 150 countries, including public and health care systems and individual computers.
All Bitcoin transactions are stored in the Blockchain, a distributed ledger and record-keeping system.

On the other hand, some of Blockchain’s advantages can also be considered challenges, particularly issues relating to digital identity, privacy and cyber-security.
This raises the question whether the use of Bitcoin should be regulated and if so, to what extent?

Bitlicense hassle

In New York, for example, where virtual currencies are considered a commodity, individuals can open an online Bitcoin account.


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