Banks and regulators 'must take Bitcoin more seriously'


Banks need to take Bitcoin more seriously, one legal expert has warned. While the digital currency becomes more and more popular with merchants as a method of payment, in particular because it avoids banks' fees, banks are not paying as much attention as they should to this, says Washington, DC-based Barrie VanBrackle, co-chair of consumer financial services at law firm Manatt, Phelps & Phillips. "I represent an awful lot of people in the processing business – banks and merchants. I