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Are bitcoins a terrorist threat? U.S. wants to know

Are bitcoins a terrorist threat? U.S. wants to know
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The government doesn't seem to know what it wants to do with bitcoin, the digital currency. The U.S. Treasury doesn't want to regulate it, while the IRS does want to tax it.

Now, the Department of Defense wants to investigate it.

A division within Defense is wants to know whether bitcoins pose a possible terrorist threat. Worries are that the anonymity of bitcoins make it perfect to finance terrorist attacks.

Bitcoins, according to the business site, can allow illegal operations with the speed of the Internet, but with the secrecy of a cash deal.

Some high-profile cases have highlighted bitcoin’s vulnerability, including Silk Road, the digital black market shut down in October by the FBI. Silk Road accepted only bitcoin for payments. The site’s founder was charged with drug trafficking and money laundering.

Find out more about bitcoins here.

Source: Fox News

 

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