Cryptocurrency and cybersecurity: The implications

December 1, 2017 | Imran Ahmad | Toronto

The Lawyer's Daily

This is part two of a two-part series.

Similar to the way money is stored in a bank, cryptocurrency can be stored in forms of “cryptocurrency wallets” where sensitive information is encrypted and securely stored. If an owner of a bitcoin uses an online wallet, also known as an “exchange,” the exchange provider stores the encrypted information on behalf of the owner. This is arguably the most popular way to store cryptocurrency.