30 Aug '14, 3am

Uncle Sam: The World’s Second Largest Bitcoin Holder

Uncle Sam: The World’s Second Largest Bitcoin Holder

Uncle Sam , or to be more precise, the US Federal Government , has been busy. Between bouts of criticizing cryptocurrencies, regulating cryptocurrencies and spending a bit of time warning against the use of cryptocurrencies; one would think that Uncle Sam is against us… on closer examination, that may well not turn out to be the case. It seems that Uncle Sam has been playing quite the little game as it is now one of the largest holders of Bitcoin… Ever! The US Federal Government recently published an investor alert titled: “Bitcoin: More than a bit risky” through FINRA, The Financial Industry Regulatory Authority . FINRA used, what most would consider to be, highly loaded, language to explain how: “This alert to caution investors that buying and using digital currency such as Bitcoin carry risks. Speculative trading in bitcoins carries significant risk. There is also the r...

Full article: http://www.cryptocoinsnews.com/news/uncle-sam-worlds-seco...

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