Congressman suggests ban on US dollar to make a point

Congressman suggests ban on US dollar to make a point

Mar 6, 2014

A member of the United States Senate from West Virginia recently asked regulators to consider banning Bitcoin in the US. West Virginia Democrat Joe Manchin said that the currency helps facilitate criminal activity and could harm the US economy if it is allowed to continue to circulate without regulation. One of his Congressional colleagues, Colorado Democrat...

What next for Mt. Gox? Investors, regulators want to know what happened

The woeful situation for Bitcoin exchange Mt. Gox, which went offline Tuesday, is seemingly no close to getting better. A pair of reports suggest that the company is now being investigated by prosecutors in the U.S. as well as Japan, while another suggests that it could have indeed lost over 744,000 Bitcoins in a theft several years ago. Citing an unnamed...

Bitcoin Regulation Update

Bitcoin Regulation Update

Feb 22, 2014

Not much happened last week on the Bitcoin regulatory front.  Some news out of New York’s Financial Services Superintendent… Though no major policy developments were announced this week, the highlight seemed to be New York’s Financial Services Superintendent Benjamin Lawsky agreeing to a request for a public question and answer session (“ask me...

New Banking Task Force to Study Digital Currencies

New Banking Task Force to Study Digital Currencies

Feb 22, 2014

More Bitcoin intervention hoopla or will there be good that comes out the task force?  Time will tell… The Chairman of the US Senate’s Homeland Security & Governmental Affairs Committee (HSGAC) which investigated digital currencies in November has responded positively to the creation of a new state bankers’ task force to perform its own study into...