Not satisfied with eliminating digital piracy from the world, two U.S. senators want to crack down on Bitcoin, an open-source digital currency.
Senators Charles Schumer and Joe Manchin are pressing officials to take action against Bitcoin, which Gawker recently claimed is being used on underground black markets to purchase illegal drugs. The senators expressed their concerns in a letter to Attorney General Eric Holder and Drug Enforcement Administration chief Michele Leonhart, Reuters reports.
Unlike other currencies, Bitcoin uses a peer-to-peer technology to manage transactions and validate payments. Since no bank is involved, purchases don?t leave a paper trail for law enforcement agencies to track criminal activity.
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