Federal Authorities are Looking into more Bitcoin Exchanges
While, as we reported yesterday, the Federal Advisory Council (FAC) and Federal Reserve seem to have some positive things to say about Bitcoin, other branches of the government apparently hold a different opinion. While the FAC understands that Bitcoin's use in illegal activity is no different than how cash or other forms of currency, the Federal Bureau of Investigations (FBI) are looking into several Bitcoin exchanges for an alleged connection to the now defunct Silk Road underground trading forum. According to the Wall Street Journal, the FBI and federal prosecutors are investigating the....
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