Bitcoin Exchanges Abiding By Laws, Treasury Official Says

Law360, New York (February 11, 2014, 7:00 PM EST) -- Online exchanges that deal in digital currencies such as Bitcoin are already filing the proper reports to regulators when they detect suspicious activity, a Treasury Department leader said at a conference Tuesday.

To own and use Bitcoin, a digital currency with a market cap of $12 billion and rising, you don’t need a bank, a passport or even a name. Because the currency's encrypted code is stored locally on a hard disk or flash drive, users are making verifiable yet anonymous transactions worldwide without having to...
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