It has had a difficult childhood and a rocky adolescence, but Bitcoin is a pretty smart payment protocol that still has a promising future.
EU lawmakers should extend anti-money laundering requirements to some businesses that use or exchange virtual currencies, according to the economic bloc's law enforcement agency.
If you ask British banks how they view Bitcoin start-ups, you might conclude that digital currency firms in the U.K. have it no different than elsewhere. That is to say: bad.
Love or hate New Yorks plans to shield Bitcoin and its competitors from financial crooks, one thing is certain: the proposal is only the first of dozens that will shape the industry.
More than a year into an effort by the digital currency industry to convince critics that its promise doesn't extend to criminals more than consumers, Bitcoin proponents are questioning whether they have the right messenger to deliver their message.
As federal investigators continue to pursue illicit online vendors in the wake of its high-profile prosecution of Silk Road, they will face two hurdles: evolving data-encryption and an atomized black market.
For all of the legitimate concerns and overheated rhetoric about the rise of crypto-currencies, the biggest problem for Bitcoin may be one seldom discussed by critics: its abuse by tax dodgers.
Federal lawmakers are unlikely to move quickly to regulate digital currencies despite congressional skepticism about the technology, a senate staffer told attendees of a Bitcoin conference in New York.
With New York rules for digital currency exchanges in the works, other states are stepping up to draft rules of their own, speakers at a Manhattan Bitcoin conference said Monday.
New York should require some digital currency companies to collect and periodically verify customer information to deter financial criminals, Manhattan's district attorney told state regulators Wednesday.
With greater regulatory clarity, U.S. banks would embrace the digital currency companies they currently turn away due to compliance concerns, Bitcoin investors told New York State regulatory officials Tuesday.
A well-known advocate of digital currencies and the head of a Bitcoin exchange house facilitated over $1 million in transactions tied to an online black market, federal prosecutors said Monday.
Turned away by American banks, some U.S.-based digital currency companies are using foreign bank accounts to send their proceeds back into the United States to pay employees and clients.
Ready or not, Bitcoin is growing in Europe, even as European regulators struggle to figure out how or if they'll police the virtual currency.
The regulatory concerns of Bitcoin and other digital currency platforms may extend beyond the anti-money laundering requirements outlined by the U.S. Treasury Department earlier this year, lawmakers and congressional witnesses said Tuesday.
Lawmakers are asking the IRS to quickly finalize guidance on potential tax liabilities of digital money, including the crypto-currency platform Bitcoin.
New York States financial regulator will soon hold a public hearing to determine whether it should license digital currency companies that comply with regulations aimed at money launderers and fraudsters.
The indictment Wednesday of an online black market for narcotics and weapons vendors could further hamper proponents of a growing digital currency in the eyes of bank compliance officers.
The second installation of a two-part story on how the Bitcoin market is changing under the scrutiny of federal and state officials.
Even as the use of Bitcoin grows, the differences in opinion about the risks the digital currency poses only seems to get larger.