Bitcoin

Bitcoin Virtual Cash Gets Money-Laundering Rule

online.wsj.com 21 Mar '13, 11pm

Bitcoin

The U.S. is applying money-laundering rules to "virtual currencies," amid growing concern that new forms of cash bought on the Internet are being used to fund illicit activities. Enlarge Image Close Agence France-Presse/Getty Images The Treasury says money-laundering rules apply to 'virtual currencies.' The U.S. is applying money-laundering rules to "virtual currencies," amid growing concern that new forms of cash bought on the Internet are being used to fund illicit activities. Jeffrey Sparshott reports. Photo: AP. From the Archive A digital currency for Microsoft Outlook? Social Networks? WSJ's Andy Jordan talks to currency renegades tired of big-government centralized cash, and desperate to make their own (legal) money systems. The move means that firms that issue or exchange the increasingly popular online cash will now be regulated in a similar manner as traditional m...

Full article: http://online.wsj.com/article/SB1000142412788732437320457...

Tweets

@WinstonLing » 18 Apr '13, 2am
This is the ruling that prompted Bitcoin's methoric rise, and bust, over the last month...... [link]
@fabienmajor » 09 Apr '13, 3pm
@erick_poulin Le crime organisé se sert du Bitcoin, je n'ai rien inventé [link]
@miklevin » 02 Apr '13, 7pm
On the one hand, Bitcoin's more legit. On the other hand, exchanges become more regulated & a weak link for privacy — [link]
@zyx2k » 02 Apr '13, 4pm
RT @SkillfulHacking: bitcoin has been regulated by the fed by applying money laundering rules [link]
@SkillfulHacking » 02 Apr '13, 4pm
bitcoin has been regulated by the fed by applying money laundering rules [link]
@Anarchiel » 31 Mar '13, 10am
"Feds Targeting Bitcoin - Virtual Cash Gets Money-Laundering Rule" [link]
@MariGrini » 31 Mar '13, 9am
virtual currencies get money laundering rule [link] #US #bitcoin
@myLT6ninja » 30 Mar '13, 12pm
RT @TheRealKeori: Feds now applying money-laundering rule to Bitcoin. Bc applying it to HSBC was just too damn hard, apparently. [link]
@TheRealKeori » 30 Mar '13, 12pm
Feds now applying money-laundering rule to Bitcoin. Bc applying it to HSBC was just too damn hard, apparently. [link]
@socialhax » 28 Mar '13, 10pm
Government rules "would be infeasible for many, if not most, members of the Bitcoin community to comply with."... [link]
@jcyr » 27 Mar '13, 2pm
@ritholtz would love to hear your thoughts on bitcoin. [link] and new fed guidelines [link]
@CrowellLonCorp » 27 Mar '13, 1pm
The US is going to apply money laundering rules to organisations that issue virtual currencies, like Bitcoin: [link]
@ZackGarton » 27 Mar '13, 12pm
#Bitcoin now subject to money-laundering laws.. [link]
@JohnTiessen » 27 Mar '13, 5am
RT @JLLLOW: U.S Treasury applying anti-money laundering regulation to Bitcoin [link] @th3j35t3r #WikiLeaks #Jesterland
@JLLLOW » 27 Mar '13, 5am
U.S Treasury applying anti-money laundering regulation to Bitcoin [link]
@mae548 » 27 Mar '13, 5am
Bitcoin [link]
@lipmanms » 27 Mar '13, 2am
Bitcoin will never be a true currency but boy it has ruffled some feathers [link] #Bitcoin #Currency
@sanityclaus » 26 Mar '13, 11pm
@MarcSettle @suttonnick @flashboy re bitcoin - US looking to regulate it & help clean up its reputation [link] and this
@NexxoFinancial » 26 Mar '13, 6am
#BitCoin now covered by #AML, #compliance and #regulatory oversight of international #moneytransfer. [link]
@GNULinuxGuy » 25 Mar '13, 10pm
RT @JoeCascio: #bitcoin makes the big time. Mentioned in the Wall St Journal. [link]
@JoeCascio » 25 Mar '13, 8pm
#bitcoin makes the big time. Mentioned in the Wall St Journal. [link]
@JLpers » 25 Mar '13, 8pm
RT @Bitcoin_Central: #bitcoin featured in the @WSJ [link]
@davidschropfer » 25 Mar '13, 8pm
Bitcoin to be regulated under AML laws in US. Thank you, Mr. Lew. [link] by: @jeffatdowjones, @wsj
@jmcest » 25 Mar '13, 7pm
#currencymonopolymafia RT @copycense: USA: Govt to apply money laundering rules to Bitcoin, other virtual currency [link]
@Ivarvb » 25 Mar '13, 1pm
Government now wants to regulate BitCoin: just another measure for more government control [link] #BitCoin #Regulation
@bitcoin_ita » 24 Mar '13, 6pm
Web Money Gets Laundering Rule [link] #bitcoin @WSJ @WSJecon
@Matt_Krayton » 24 Mar '13, 4pm
Tough break for those looking to launder money- if you want to do it with Bitcoin, it just got a little harder: [link]
@dL_1337 » 24 Mar '13, 5am
so this is what The Firm is going to do about bitcoin [link]
@TomUsher » 24 Mar '13, 4am
Duh! Bitcoin to come under anti-money-laundering rules. [link]
@A11_Seeing_Eye » 23 Mar '13, 8pm
RT @Liberationtech: Govts Want to Shut Down Silk Road's Online Drug Marketplace But #Bitcoin Stops Them [link] & [link]
@Liberationtech » 23 Mar '13, 8pm
Govts Want to Shut Down Silk Road's Online Drug Marketplace But #Bitcoin Stops Them [link] & [link]
@dougmaloney » 23 Mar '13, 8pm
Regulation brings some credibility to bitcoin [link]
@notjessewalker » 23 Mar '13, 6pm
Regulating Bitcoin: [link]
@AssadBoustani » 23 Mar '13, 5pm
I suppose it was inevitable. The government has had a virtual monopoly on money laundering. Bitcoin and other... [link]
@PekkaHedqvist » 23 Mar '13, 4pm
BitCoin contine to gain ground like it or not.. [link] [link]
@StaleyPete » 23 Mar '13, 8am
@maxkeiser [link] what difference will this make to bitcoin @stacyherbert
@BitCoinReporter » 23 Mar '13, 4am
Web Money Gets Laundering Rule - Wall Street Journal [link] #bitcoin
@thebigbadme » 23 Mar '13, 3am
$ to #Bitcoin transactions soon to come under regulation. [link]
@crypttoronto » 23 Mar '13, 3am
via @slashdot: Bitcoin to be regulated? Okay. [link] #CryptoParty #lmao #smh
@mustped » 23 Mar '13, 1am
@adamcurry Bitcoin - Web Money Gets Laundering Rule [link] #macandcheese
@shukla » 22 Mar '13, 11pm
AML comes to Virtual Currencies. Shows usage is picking up. #bitcoin [link]
@WildHairMedia » 22 Mar '13, 9pm
Bitcoin and other "virtual" currencies to be regulated akin to paper currency [link]
@JorinCowley » 22 Mar '13, 9pm
RT @laurenonizzle: Bitcoin To Be Regulated Under US Money Laundering Laws: [link]
@rodrigonieto » 22 Mar '13, 8pm
The #cyberpunk #bitcoin is now under scrutiny by the US federal government. Proposed regulation would kill its ethos [link]
@TheLorenziGroup » 22 Mar '13, 8pm
If your employees are using BitCoin or another online currency, you better make sure your network is not the mule. [link]
@DanSWright » 22 Mar '13, 8pm
@maxkeiser So much for being a #Bitcoin Millionaire [link] @stacyherbert
@SteveCoombes » 22 Mar '13, 7pm
Federal government monitoring virtual currencies like Bitcoin more closely now. Money laundering concerns. More? [link]
@anon2060 » 22 Mar '13, 7pm
"#Bitcoin To Be Regulated Under US Money Laundering Laws" [link] #NothingToDeclare #BTC #TaxMyCocks
@opindia_revenge » 22 Mar '13, 7pm
RT @AnonOpsSE: Bitcoin To Be Regulated Under US Money Laundering Laws [link]
@AnonOpsSE » 22 Mar '13, 7pm
Bitcoin To Be Regulated Under US Money Laundering Laws [link]