You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe



Mass. regulators warn about bitcoin

Massachusetts regulators issued a strongly worded warning Tuesday about the risks of the virtual currency known as bitcoin after the opening of the second ATM-like kiosk in the Boston area that make it easier for people to buy it.

The warning, from the Office of Consumer Affairs and Business Regulation, urged consumers “to proceed with caution” because bitcoin and other so-called crypto-currencies can fluctuate wildly in value, saddling buyers with sudden large losses, and are vulnerable to hacking — as was the case in the collapse of one of the largest bitcoin exchanges, Mt. Gox.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week