Bitcoin regulation challenges and complexities

Funny money

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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 trafficking, computer hacking and soliciting murder.

But digital currencies, also known as cryptocurrencies,

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