'Bitcoin is hosted service run by an 18-year-old & doesn't need regulation'

The cyber-currency Bitcoin has suffered a serious setback after it emerged more than a million dollars of it was stolen from an Australian bank. The money, which can only be used for online transactions, was taken from so-called anonymous web-wallets. The fact that Bitcoin is not regulated by any central bank has caused concerns about both its safety and stability. William Mook joins RT to disc ...