Home
Contact Us
Donate
Support Us
Store
Books
Videos
Global Political Awakening and the New World Order
Quotes
Translate
GPA Store: Featured Products
Thursday, June 9, 2011
Senators seek crackdown on "Bitcoin" currency
Source: BitcoinMe.com
Brett Wolf
Reuters
Two senators are pressing federal authorities to crack down on an online black market and "untraceable" digital currency known as Bitcoins after reports that they are used to buy illegal drugs anonymously.
Democratic Senators Charles Schumer of New York and Joe Manchin of West Virginia wrote to Attorney General Eric Holder and Drug Enforcement Administration head Michele Leonhart in a letter that expressed concerns about the underground website "Silk Road" and the use of Bitcoins to make purchases there.
The letter prompted a discussion among Bitcoin enthusiasts about whether the government was capable of closing related bank accounts and thereby stifling the currency.
The senators released a copy of their letter on Monday. It cites recent media reports that some tech-savvy individuals were using an "anonymizing network" known as Tor to gain clandestine access to Silk Road and buy illegal drugs.
Read Full Article
RELATED ARTICLE:
Bitcoin: New Decentralized Currency
RELATED VIDEO:
Bitcoin: Currency of Resistance
Enter your email address to subscribe to our newsletter:
Delivered by
FeedBurner
0 Comments
Disqus
Fb Comments
[Get It]
Comments :
Newer Post
Older Post
Home