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Business 01 Jun 2013 | 1:07 PM

Digital currency firms rush to adopt anti-money laundering rules

NEW YORK/ST. LOUIS: These are unsettling times for digital currency businesses and the venture capitalists backing them.

Business 18 Dec 2013 | 1:41 PM

US Treasury cautions Bitcoin businesses on legal duties

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.

Business 18 Jan 2014 | 9:05 PM

U.S. Government's bitcoin bonanza: How, where and when to sell?

NEW YORK: U.S. prosecutors in Manhattan are sitting on a multimillion-dollar bitcoin gold mine. And it could get much bigger.

Business 13 Feb 2014 | 8:13 AM

Cyber attack on bitcoin a big warning to currency's users

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.

Business 26 Feb 2014 | 11:13 AM

What is Bitcoin and how does it work?

SAN FRANCISCO: MtGox, once the world's biggest Bitcoin exchange, abruptly stopped trading on Tuesday, shaking investor confidence in the digital currency that is struggling for legitimacy.

Business 26 Mar 2014 | 7:47 AM

Bitcoins are property, not currency, US IRS says regarding taxes

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.

Forex 03 Jul 2014 | 5:43 PM

Bitcoin pioneer calls for regulatory guidance from EU

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.

Economy 27 Jun 2016 | 12:00 AM

Investors see bitcoin as safe haven

PORTLAND: Demand surged for bitcoin as a safe haven from the British pound, which plummeted after the UK voted to leave the European Union (EU).

Banking 03 Aug 2016 | 8:01 AM

Bitcoin tumbles after HK exchange ‘hacked’

HONG KONG: A major Hong Kong-based Bitcoin exchange has suspended trading after US$65mil (RM263mil) in the virtual unit was reportedly stolen by hackers -- sending the digital currency plunging more than 20%.

Business 08 Dec 2016 | 12:00 AM

It’s the blockchain not the bitcoin

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.