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NEW YORK/ST. LOUIS: These are unsettling times for digital currency businesses and the venture capitalists backing them.
The US Treasury Department's anti money-laundering unit is warning businesses linked to the digital currency Bitcoin that they may have to comply with federal law and regulation as money transmitters, a Treasury spokesman said.
NEW YORK: U.S. prosecutors in Manhattan are sitting on a multimillion-dollar bitcoin gold mine. And it could get much bigger.
NEW YORK: A massive cyber attack from unknown sources that has been spamming bitcoin exchanges is highlighting some of the dangers people can encounter when they exchange cash for digital currencies like the bitcoin, experts said on Wednesday.
WASHINGTON: Wading into a murky tax question for the digital age, the U.S. Internal Revenue Service said on Tuesday that bitcoins and other virtual currencies are to be treated, for tax purposes, as property and not as currency.
BRUSSELS: Europe should update its laws to reflect the rise of digital currencies, the head of a bitcoin start-up said, after a successful U.S. auction of bitcoins was seen as a sign of their broadening appeal.
MANY of us have heard of bitcoin. And many must be wondering if it’s the new currency of the future and that it makes a good investment bet, especially in times when other more “normal” currencies are volatile and our own ringgit seems to be depreciating. But then is bitcoin really legal? In many countries, Malaysia included, bitcoins are not accepted as a fiat currency.