Sunday, June 2, 2013

Fed And States Trying To Rein In Bitcoin And Other Virtual Currencies

Posted by Milton Recht:

From The Wall Street Journal, "'Virtual' Currencies Draw State Scrutiny" by Robin Sidel And Andrew R Johnson:
State banking regulators are scrutinizing companies that let people buy and sell virtual currencies such as bitcoin, and some are looking at requiring costly licenses, according to people familiar with the efforts.
n the past three months, the Treasury Department, prosecutors and now state regulators have taken aim at virtual-currency exchanges, telling them they must follow traditional rules aimed at thwarting money-laundering. The lightly regulated currencies have caught the attention of people who allegedly use some of them to mask profits from illegal activities.

No comments:

Post a Comment