The U.S. Securities and Exchange Commission is leery of bitcoin. The agency issued a lengthy warning to investors on Wednesday about risks it sees in bitcoin and virtual currencies. The statement perhaps conflates the pure technology of the bitcoin protocol that transfers the virtual currency with the nearly innumerable thefts, scams and failures of bitcoin-related businesses. But the SEC also took a dig at bitcoin’s short existence as another negative, citing the February collapse of Mt. Gox, the Japan-based exchange that said it lost some 650,000 bitcoins.”]
Source: https://www.csoonline.com/article/2152821/bitcoin-lacks-credibility-and-trust-us-sec-says.html