State warns about virtual currency use

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. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

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