Mandatory Bitcoin Reporting Ordered in Argentinahttp://cointelegraph.com/news/112060/mandatory-bitcoin-reporting-ordered-in-argentina<< The July 4th, 2014 announcement by Argentina’s Unidad de Información Financiera (UIF) that all financial service companies in the country would need to begin reporting all transactions involving virtual currencies. The primary concern, according to the UIF was the threat of both money laundering and the ability to use cryptocurrencies to finance criminal activities or terrorism. Unfortunately, like most such official concerns, the politics of the situation never allows that fiat currencies are used in the exact same manner as virtual currencies and that such onerous regulations will not stop its use by them any more than it does with dollars. >>
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Bitcoin Treasure Hunt Launched in San Francisco by Mystery Donorhttp://www.dailyfinance.com/2014/07/12/bitcoin-treasure-hunt-launched-in-san-francisco-by-mystery-donor/<< If you missed out on the Hidden Cash treasure hunt last May,never fear. @SFHiddenBitcoin has arrived, transforming San Francisco into a gigantic bitcoins beta test. No one knows who is leaving the shiny bitcoin "wallets" around the city and posting tantalizing clues on Twitter. But the buzz is building for the daily crypto-currency scavenger hunt. >>
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Ireland Central Bank Official Admits Bitcoin's Disruptive Potentialhttp://cointelegraph.com/news/112015/ireland-central-bank-official-admits-bitcoins-disruptive-potential<< "Virtual and digital currencies can challenge the sovereignty of states", says Gareth Murphy, senior Central Bank of Ireland official. At a recent digital money conference in Dublin, he mentioned that rivals are interfering with a bank's ability to sway the price of credit for the entire economy. Murphy warned that there might be considerable threat to the finances of a country if increasingly more transactions for services and goods fade away from the tax system due to the use of crypto currencies such as Bitcoin. >>
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