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r/Bitcoin: A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money … Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/Bitcoin. log in sign up. User account menu. 25. Prepared remarks of Jennifer Shasky Calvary, FinCEN Director, at ACAMS conference. Close. 25. Posted by. u ... Bitcoin is the latest and well-known form of digital currency in a long line of digital currencies. The basic premise of digital currencies is that they try to establish a medium of exchange based on immutable mathematics and not subject to the control or manipulation of any government. Not long after the computer was invented people started discussing the development of currency based on ... Cohen also noted that while may be bitcoin a novel way to launder money, there’s nothing inherent about the protocol that would make it preferable for criminal or terrorist networks. In fact, he argues, most such operations would probably have little use for something like bitcoin. Terrorists generally need ‘real’ currency, not virtual currency, to pay their expenses -– such as ... funds maintained by bitcoin exchanges, volatility in bitcoin prices, and the development of virtual-currency-based investment products. For example, in February 2014, a Tokyo-based bitcoin exchange called Mt. Gox filed for bankruptcy after reporting that it had lost more than $460 million. Federal financial regulatory and law enforcement agencies have taken a number of actions regarding ... By the Bitcoin Legal Team – Martin Mushkin, Joseph Sahid, and Joseph Taub April 2, 2014. Bitcoin is the latest and perhaps best-known form of digital currency in a long line of digital currencies. The premise of digital currencies is that they try to establish a medium of exchange based on immutable mathematics and are not subject to the ...
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