The issue focused on technology used by banks to electronically transfer money from bank accounts to electronic funds transfers (EFTs). But it also extended to digital currencies like bitcoin.

To begin with, bitcoins are not cash and don't function as currency. Bitcoins can be transferred anonymously through computers without being tracked or detected. Bitcoins have no reserve value and cannot be counterfeited. Bitcoins can be traded among users for goods and services in the same way that dollars can be exchanged for goods and services at major retailers. Bitcoins