What are cryptocurrencies and how safe are they?

Cryptocurrencies aren't new but they are hitting the headlines more as their value becomes more volatile. But not everyone knows exactly what a Bitcoin is or what they can do with it. In this episode, we decrypt cryptocurrencies to find out what they are, how they work and if they are the future of money. We also look at how safe they are and if there needs to be more regulation around what's supposed to be decentralised currencies.

Gemma Acton is the Network Finance Editor for 7NEWS, filing stories on money and the economy. Gemma has more than 18 years' experience in the finance sector, working for companies such as Goldman Sachs and Merrill Lynch, as well as a correspondent for CNBC. She regularly appears on 7NEWS bulletins across Australia, Sunrise, The Morning Show and The Latest.

Host: Gemma Acton

Guest: Sean Foley, Associate Professor of Applied Finance at Macquarie University

Guest: Patrick Veyret, senior campaigns and policy adviser at CHOICE

Anchor/Producer: Damien Haffenden

A 7NEWS Podcasts production for Seven West Media

Information contained in this podcast is general in nature and does not take into account individual circumstances. Consider seeking independent legal, financial, taxation or other professional advice to check how information from this episode relates to your unique circumstances.

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