Bitcoin under investigation by the FBI and US Homeland Security
Bitcoin under investigation by the FBI explained by professional Forex trading experts the “Bitcoin under investigation by the FBI” FX trading team.
Bitcoin under investigation by the FBI
Bitcoin industry insiders believe continued US Government hostility will scare Bitcoin startups and entrepreneurs away from the US.
In separate but related actions, two US Government bodies have requested investigations into Bitcoin. The investigations, to be carried out separately by the FBI and the US Department for Homeland Security (DHS), are to focus on the issues of possibilities for money laundering and organized crime.
Given its decentralized, anonymous, and basically unregulated nature, Bitcoin provides the opportunity to move large amounts of money around the world, without leaving a trace and without the knowledge of the world’s financial regulators.
The US Senate committee on homeland security, in a letter posted on their website, directed DHS Secretary Janet Napolitano to provide a report by the end of August. Separately, a House of Representatives Commerce, Justice and Science bill directs the FBI to provide a briefing within 120 days on the subject of Bitcoins and money laundering.
Bitcoin under investigation by the FBI Conclusion
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