Blow To Bitcoin As Top Accountants Make Serious Facebook Warning

News, ForbesJuly 2019

Cyber Consulting / Forensic Investigation

Bitcoin and cryptocurrencies have been largely ignored by the world's regulators over the last ten years, with only some small attempts to protect investors from wild bitcoin price swings and dodgy crypto exchanges. 

The bitcoin price, up some 200% so far this year, has somewhat recovered after a terrible 2018 largely due to interest in bitcoin and cryptocurrencies from some of the world's biggest tech companies, including social media giant Facebook which unveiled its planned libra cryptocurrency project last month and is scheduled for release some time in 2020—if the sandal-hit company can convince regulators of its merits.

Now, forensic accountancy firm BTVK has warned the bitcoin and crypto "wild west" could be coming to an end, with global regulators closing in on bitcoin and cryptocurrency exchanges as a result of the spotlight brought by Facebook’s libra project.

Read the full article from Forbes

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