04 Jul '13, 12pm

Americans fed up with currency manipulations, turn to Bitcoin

Americans fed up with currency manipulations, turn to Bitcoin

The US government, though, isn't too happy with Bitcoin's popularity. It shut down a virtual Tokyo – based Mt. Gox exchange system the currency was using, claiming it was essentially a money-laundering platform . Last Thursday the platform registered with the Treasury Department's Financial Crimes Enforcement Network (FinCEN) as a money services business (MSB), according to FinCEN's website. However, the fruit this move may bring remains vague. It may either bring the company in line with the Treasury’s rules, or open the exchange to increased regulatory attention. Before the registration, Mt. Gox stopped its US dollar withdrawals, saying it needed to introduce some system improvements amid increased demand for Bitcoin operations

Full article: http://rt.com/business/bitcoin-us-dollar-manipulation-658/

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