2013-03-25 phys.org - US Treas presents guidelines to virtual money transmitters

[grondilu]

US Treasury presents guidelines to virtual money transmitters

(Phys.org) —Money launderers thinking virtual currency provides an easy way to towel-off have had a rude awakening this month with the U.S. Treasury announcing that virtual currencies, like real currencies, must abide by the same rules regarding what's legal and illegal.

Read more at: http://phys.org/news/2013-03-treasury-guidelines-virtual-money-transmitters.html#jCp

[Lethn]

How does the U.S. Treasury department regulate currencies which are not issued by U.S. entities and/or are not transacted by entities operating in the U.S.? Or how is a determination made that a transaction is subject to U.S. Treasury jurisdiction?

Very nice comment here To me, this is just typical political posturing from the established government parties.

[SebastianJu]

Its better they claim that they have everything under control instead trying to fight bitcoin.