17 Jun '13, 11pm

US Treasury Denies It Is Trying To Torpedo Bitcoin

Submitted by Simon Black via Sovereign Man blog , In remarks given late last week to the curiously named United States Institute for Peace, the head of the Treasury’s Financial Crimes Enforcement Network (FinCEN) vociferously denied any attempts at regulating digital currency... specifically Bitcoin. The speech, entitled “The virtual economy: potential, perplexities and promises”, can be downloaded here for your reading pleasure. But here’s the gist: http://www.fincen.gov/news_room/speech/pdf/20130613.pdf - The government views virtual currencies as a “financial service”, and virtual currency exchanges as “financial institutions” that are “as much a part of the financial framework as any other type of financial institution.” - The government further views that these ‘financial institutions’ have “certain responsibilities.” Namely, to “register with FinCEN” and become an un...

Full article: http://www.zerohedge.com/news/2013-06-17/us-treasury-deni...

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