08 Oct '13, 11am

#money2020 Bitcoin future looks strong as a dozen companies at Money2020 build solutions on it.

#money2020 Bitcoin future looks strong as a dozen companies at Money2020 build solutions on it.

Bitcoin is here to stay and will continue to grow, according to experts speaking on separate panels at Money2020 in Las Vegas. The recent prosecution of Silk Road, an underground online market for drugs that traded Bitcoins and the FBI’s confiscation of approximately $3.5 million in Bitcoins, looked like a severe blow to the virtual currency. But Carol Van Cleef, partner in Patton Boggs and moderator of a session on maths-based and virtual currencies, said the bust showed growing sophistication on the part of federal law enforcement agencies, reports Tom Groenfeldt. “They decided to go not after the system itself, but after the parties who were using the system,” she said. Unfortunately federal prosecutors from the Southern District of New York, where the case was filed, were unable to travel to Las Vegas for the conference because of the budget shutdown in Washington. “Th...

Full article: http://www.bankingtech.com/173592/bitcoin-is-the-future-m...

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