State warns about virtual currency use

ALBUQUERQUE (KRQE) – The state is warning New Mexicans about the risks of trading and investing in virtual currencies like Bitcoin.

Bitcoin makes it easier to pay businesses online.

But the New Mexico securities division warns virtual currency is susceptible to cyber-attacks and there may be no recourse if it’s stolen.

Back in February a Bitcoin ATM was placed at the Nob Hill bar but it didn’t last long.

The ATM owner removed it saying there was no market for it in Albuquerque.

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