14 May '13, 10pm

REPORT: Department Of Homeland Security Prevents Payment Provider From Transferring Money To Bitcoin Exchange

REPORT: Department Of Homeland Security Prevents Payment Provider From Transferring Money To Bitcoin Exchange

One of the big questions about the viability of Bitcoin, the anonymous, virtual currency that has surged in value this year, is what sort of government oversight and regulation it would have to deal with. We may find out soon. Today, Dwolla, a payment service that had allowed users to transfer funds into and out of accounts at Mt. Gox – the world's largest Bitcoin exchange – said it's been ordered by the U.S. Department of Homeland Security to cease fund transfers to and from Mt. Gox. The email below, courtesy of Betabeat , was sent to several Dwolla users today. Betabeat Homeland Security's reason for interfering here is unclear, but because transacting in Bitcoin is essentially an anonymous process, it may be appealing for those looking to conduct illegal activities, and hence, it makes sense that it's a target for regulators. ConvergEx Group strategist Nick Colas recent...

Full article: http://www.businessinsider.com/dwolla-mt-gox-2013-5

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The Department of Homeland Security appears to have shut down the ability to use Dwolla, a mobile payment service, to with...

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John Morton, director of U.S. Immigration and Customs Enforcement, Homeland Security's principal criminal investigative di...

Homeland Security cuts off Dwolla bitcoin transfers

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here goes★ BitCoin Panic:Department of Homeland Security Shuts Down

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