Bitcoin Is 'Gigantic Ponzi Scheme' Used To Fund Terror, Says Diane Abbott

The cryptocurrency Bitcoin is being used to fund terror and Labour would regulate it, Diane Abbott has said. The Shadow Home Secretary described the digital currency as “a gigantic Ponzi scheme” that could easily collapse and said the Treasury should look to clamp down on its spread.In an interview with The House magazine, Abbott also said the war on drugs had “failed”  but stressed Labour was not in favour of decriminalising cannabis for recreational use.