Backers say virtual currencies allow for an efficient and anonymous way to store and transfer funds online.
But regulators argue the lack of legal framework governing the currency, the opaque way it is traded and its volatility make it dangerous.
Bitcoins are generated by complex chains of interactions among a huge network of computers around the planet and are not backed by any government or central bank.
Meanwhile, Snoop Dog prefers cash:
SNOOP STOPPED BY ITALIAN CUSTOMS...
$422,000 in cash...
Edited by Rogerdodger, 01 August 2015 - 08:56 AM.