mutum sigillum

Dennis Faas's picture

Bitcoin Faces Dept. of Homeland Security Crackdown

The Department of Homeland Security (DHS) has taken control of two bank accounts belonging to a company that exchanged US dollars for the 'Bitcoin' virtual currency. The department claims the accounts had not been properly registered with financial ... regulators. Bitcoin is not issued by any real-world financial institution. Instead, each unit of currency is represented by a unique piece of code generated by an algorithm. Whenever somebody makes a payment using Bitcoins, the details of the transaction are shared using a peer-to-peer network, similar to they way some users share music and video ... (view more)

Subscribe to RSS - mutum sigillum