Are cryptocurrencies here to stay? | Inside Story

They've made some people millionaires, others have lost a fortune. Cryptocurrencies are volatile.

And for those who invest, it can be a rollercoaster of a ride. From all-time high to a new low in less than two months.

Cryptocurrencies took the world economy by surprise.The first, Bitcoin, launched in 2009. Now there are more than 13,000.

And regulators are taking them more seriously. China, India and South Korea have introduced tougher regulations to combat fraud and tax evasion.

JP Morgan and Bank of America say they are halting the purchase of cryptocurrencies on their credit cards. And Facebook has banned advertising for the virtual coin.

So, what does the future hold for Cryptocurrencies?


Presenter: Jane Dutton

Guests:

Nithin Eapen - chief informatoin officer at Arcadia Crypto Ventures
Martin Baccardax - financial analyst and London bureau chief for The Street.
David Vaile - executive director of the cyber law and policy community at the University of New South Wales.

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(Source: Al Jazeera English, https://www.youtube.com/watch?v=047uS2THTNM)
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