04-09-2013, 02:51 PM
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Join Date: Apr 2003
Posts: 14,809
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Bitcoins to be regulated by Feds; Nerds and drug dealers disconsolate
http://www.newscientist.com/article/...mg21729103.300
Quote:
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LOOKS like Bitcoin has got too big to ignore. Virtual currencies are to be regulated by the US Treasury after the Financial Crimes Enforcement Network (FinCEN) moved to clarify their status under anti-money-laundering laws.
Bitcoin is run on a decentralised network controlled by its users, making it difficult to regulate transactions within the currency. However, exchanges that swap Bitcoins for real-world currencies, such as MtGox, are another matter.
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