Bitcoin blockchain may be strained

Bitcoin trading volumes commonly exceed US$40bil to US$50bil (RM167bil to RM209bil) per day, but most of that is internalized by major exchanges, said a group from JPMorgan including Steve Palacio, Joshua Younger and Veronica Mejia Bustamante, in a report.

SAN SALVADOR: El Salvador’s declaration of bitcoin as legal tender could create challenges for both the country and the cryptocurrency, according to a team from JPMorgan Chase & Co.

Bitcoin trading volumes commonly exceed US$40bil to US$50bil (RM167bil to RM209bil) per day, but most of that is internalized by major exchanges, said a group from JPMorgan including Steve Palacio, Joshua Younger and Veronica Mejia Bustamante, in a report.