HIGH street banks are going ‘to war’ on cryptocurrencies such as Bitcoin after a spike in fraud, reports the Times
One bank will use technology to ban several million customers from buying ANY digital currencies, it adds.
Ashley Hart, head of fraud at TSB, said: “Platforms and exchanges are rife with fraudsters, and many do not have proper controls to prevent victims losing large sums of monty.
“Crypto is a hotbed for fraud and urgently needs greater regulation and consumer protection.
“Anyone approached to invest in crypto should be extremely wary.”
Despite the warning, Dubaicoin saw its value shoot up 1,000 per cent in just 24 hours…