19 Nov '13, 12am

Bitcoin: What is it? What should government do?

Bitcoin: What is it? What should government do?

Lawmakers are grappling with how and whether to regulate the virtual currency Sen. Tom Carper, D-Del., chairman of the Homeland Security Committee (Photo: AP) Story Highlights Federal agents say Bitcoin makes it easy for criminals to launder money Advocates say it could be useful for people in developing countries Virtual currency must follow same rules as other financial institutions, Treasury Department says SHARE 516 CONNECT 113 TWEET 62 COMMENT EMAIL MORE Virtual currency Bitcoin is "experimental" and remains "high risk" for most consumers, the Bitcoin Foundation's general counsel told a Senate committee in a hearing Monday on the emerging technology. Lawmakers are bedeviled by a technology whose growing popularity has raised questions about whether or how it should be regulated, said Homeland Security Committee Chairman Tom Carper, D-Del. "Virtual currencies, perhaps ...

Full article: http://www.usatoday.com/story/news/nation/2013/11/18/sena...

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Officials to

Officials to

online.wsj.com 18 Nov '13, 3pm

WASHINGTON—U.S. law-enforcement officials were set to outline the pitfalls and promises of virtual currencies such as bitc...

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