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Thursday, November 14, 2013
We All Know Where This Is Going
"The value of bitcoin has surged through the $400 barrier
for the first time, as unprecedented growth sees the virtual currency's
value quadruple in just three months. Meanwhile, on 18 November, a
Senate subcommittee is scheduled to hold a hearing on virtual currencies
like bitcoin and its lesser-known competitors litecoin and altcoin. The
hearing comes after a unit of the Treasury Department earlier this year
issued guidelines stating virtual currencies should be subject to the
same anti-money-laundering laws as traditional currency-transfer
businesses like Western Union."
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