NEW YORK, June 1: These are unsettling times for digital currency businesses and the venture capitalists backing them.
On Tuesday, the authorities in Spain, Costa Rica and New York arrested five people at the digital currency firm Liberty Reserve, including its founder Arthur Budovsky, and seized related bank accounts and internet domains.
It was a further wake-up call for those involved in digital currencies, such as the most prominent, Bitcoin, that they need to comply with anti-money laundering rules or risk facing a crackdown.
http://beta.dawn.com/news/1015483/digital-currency-firms-adopting-laundering-rules
