Bitcoin, the virtual currency that governments love to hate, came under the spotlight this week at a United States Senate committee hearing on virtual currencies. U.S. government and law enforcement agencies and the International Center for Missing & Exploited Children emphasized the attractiveness of the virtual currency to cybercriminals, while the Bitcoin Foundation and its supporters touted its strengths and warned that the U.S. would be left behind as the virtual currency concept catches on.
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Senate Committee Grapples With Bitcoin Dilemma
Posted by: Richard Adhikari November 20, 2013 11:23 AMBitcoin, the virtual currency that governments love to hate, came under the spotlight this week at a United States Senate committee hearing on virtual currencies. U.S. government and law enforcement agencies and the International Center for Missing & Exploited Children emphasized the attractiveness of the virtual currency to cybercriminals, while the Bitcoin Foundation and its supporters touted its strengths and warned that the U.S. would be left behind as the virtual currency concept catches on.