Diane Abbott savages bitcoin a ‘just a gigantic ponzi scheme funding ‘terror’
In an explosive interview with The House magazine, Ms Abbott said that the Treasury should clamp down on the emerging technology to stop the currencies spread through the financial services.
The Labour frontbencher said: “We are looking at the bitcoin issue. One of the problems with bitcoin is the extent to which it is just a gigantic Ponzi scheme.
“And if everyone took their bitcoin money and tried to buy a new car all at once the whole thing would collapse.
“So, we are worried about the extent to which bitcoin is a Ponzi scheme but we are certainly worried about how in the here and now it... read more
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