Sens. Want Regulation Info On Bitcoins, Virtual Currencies

Law360, New York (August 13, 2013, 7:47 PM EDT) -- Virtual currencies including bitcoins have a strong potential for legitimate mainstream use but their “anonymous and decentralized nature” also makes them a prime tool in the criminal arsenal, senators told the U.S. Department of Homeland Security as they sought more detail Monday on how they are currently regulated.

In a letter to the department, Sens. Tom Coburn, R-Okla. and Tom Carper, D-Del., of the Senate Homeland Security and Government Affairs Committee said their committee has launched an investigation into the perils and potential benefits of virtual...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.