Banks and regulators 'must take Bitcoin more seriously'

bitcoin-currency

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. Issuing banks

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