Money laundering fears for virtual currency Bitcoin - BBC News

The digital currency Bitcoin has been making headlines this week after a huge increase in value, but ministers are to introduce tighter regulations on the virtual currency over concerns it is being used to launder money and dodge tax.

Daily Politics reporter Emma Vardy looks at how some MPs believe the government should help bring digital currencies into the mainstream, and say it could have advantages for public services.

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From: BBC News

Related topics : digital virtual currency and bitcoins / virtual currency bitcoin / bitcoin money laundering

Bitcoin exchange CEO arrested on drug money laundering charges

The CEO of one of the world's leading bitcoin exchanges - BitInstant - has been arrested in New York. The prosecution claims Charlie Shrem was involved in a drug money laundering scheme via the Silk Road website. READ MORE: http://on.rt.com/1nczp6

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From: RT

Related topics : bitcoin exchange money laundering