22 Aug '13, 12pm

Virtual dirty money - why the feds are circling around bitcoin

Virtual dirty money - why the feds are circling around bitcoin

Very recently, it has become painfully clear that the US government wants a lot more information on decentralized virtual currencies like bitcoin. In an appropriations bill that went through the committee recently, the House of Representatives requested that the FBI provide a report to them. In the bill, under the heading “Money Laundering”: “The Committee understands that bitcoins and other forms of peer-to-peer digital currency are a potential means for criminal, terrorist or other illegal organizations and individuals to illegally launder and transfer money. News reports indicate that bitcoins may have been used to help finance the flight and activity of fugitives.” – House of Representatives Appropriations Committee The same week, the Senate Committee on Homeland Security sent a letter to Janet Napolitano, its secretary. It implores the need for strategies in order to ...

Full article: http://www.coindesk.com/virtual-dirty-money-why-the-feds-...

Tweets

Germany lends real value to bitcoin virtual money

Germany lends real value to bitcoin virtual money

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#Bitcoin

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Why Regulators Should Embrace Bitcoin

Why Regulators Should Embrace Bitcoin

americanbanker.com 21 Aug '13, 4pm

Print Email Reprints Comment Twitter LinkedIn Facebook Google+ Governments are increasing their scrutiny of the decentrali...

Starbucks Facebook Around the World.

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This blog is operated by Melody. All views expressed are the opinions of Melody. Starbucks does not operate this website. ...

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Bitcoin Foundation to meet with Dept. of Homela...

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1 Source: www.flickr.com The Bitcoin Foundation, an organization that seeks to promote the digital currency, is scheduled ...

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