Regulators and traditional banks are increasingly concerned about the risks of fraud in the burgeoning online cryptocurrency underworld. But regulators and traditional banks are increasingly concerned about the risks of fraud in the burgeoning online cryptocurrency underworld. E-Coin was not like “real cryptocurrencies”, FINMA said, because it was not stored on distributed networks using blockchain technology but was instead kept locally on QUID PRO QUO’s servers. Reuters was not immediately able to reach Zurich-based QUID PRO QUO for comment. But the QUID PRO QUO case is an example of the pitfall of investing in the booming but still murky cryptocurrency world.

Source: Mint September 19, 2017 12:56 UTC