20 May '13, 1am

After two-year hiatus, EFF accepts bitcoin donations again

The Electronic Frontier Foundation has resumed accepting bitcoins donations, saying some of the legal ambiguity around the virtual currency has disappeared. The influential digital watchdog stopped accepting bitcoins two years ago citing a raft of complex legal questions that could have inadvertently thrust the nonprofit as a defender rather than an observer of an emerging technology. The EFF wrote on its blog that its own research along with recent guidance from the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) "have confirmed that, as a user of Bitcoin or any virtual currency, EFF itself is likely not subject to regulation." It's still early days for how bitcoin will be viewed under the law. But FinCEN found in March that users of bitcoin do not need to register with the organization, but those exchanging bitcoins for U.S. dollars qualify as mo...

Full article: http://www.pcworld.com/article/2039200/after-twoyear-hiat...

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