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Bitcoin regulation challenges and complexities

Regulators face cross-jurisdictional challenges in regulating Bitcoin and other virtual currencies

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From a toy for futurists, programmers and science-fiction writers, digital currencies have since become headline news – and a priority for financial regulators around the world. The most widely used, Bitcoin, achieved notoriety when Silk Road, the $1 billion online black market, was shut down by the FBI in October 2013 and its alleged owner Ross Ulbricht accused of money laundering, drug

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