Post
Topic
Board Economics
Re: Why the world really needs virtual currencies
by
Gtwidris
on 05/12/2017, 12:49:39 UTC
I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history!  Grin

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/
There is great importance to the virtual currencies in facilitating the movement of money  and the world is surely needs them  because we need the rapidation to get  money.
Bitcoin has often been associated with illegal activities such as money laundering and the trade in illegal goods, mainly because its transactions can be carried out anonymously. However, experts warned MEPs not to overestimate these risks.
I would say it's bad bad news.