15 Aug '13, 6am

#Bitcoin gets the FBI, Homeland treatment #btc

Virtual currency bitcoin is to be investigated by both the Federal Bureau of Investigation (FBI) and the U.S. Senate Committee that oversees the Department of Homeland Security (DHS). The DHS was sent a letter on Monday from the U.S. Senate Committee on Homeland Security and Governmental Affairs asking for any information, plans or strategies on how it currently or plans to treat virtual currencies, including bitcoin. The letter, posted on the Committee's website , explains the attractiveness of the currency for investors and entrepreneurs with its potential for profit and quick payment solutions. But it also warns that its "near anonymous and decentralized nature has also attracted criminals who value few things more than being allowed to operate in the shadows". (Read More : NY regulator investigating bitcoin practices ) The Committee indicates that it has initiated an i...

Full article: http://www.cnbc.com/id/100964182

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