Sentences with phrase «protect bitcoin owners»

The cryptocurrency is not recognised as a means of payment by the official structures: banks do not accept it and Chinese financial system does not protect bitcoin owners in the case of stock exchange crisis.

Not exact matches

«The security risk for any cryptocurrency is with the Bitcoin wallet and how secure the owner keeps it and any systems they use to make transactions,» said Joseph Carson, chief security scientist at Thycotic, an information - security firm based in Washington, D.C. «When using cryptocurrencies, you need to make sure you take extra security to protect your wallet, keep it secret, add multifactor authentication and use encryption.»