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Author Topic: 2012-05-11 The Week in Security (Bitcoin's Bad Side)  (Read 852 times)
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May 12, 2012, 02:00:49 AM

Bitcoin mentioned in AmericanBanker's  'The Week in Security' slideshow

The Week in Security
Google places a price on glitches and Bitcoin makes enemies in law enforcement in the major security stories of the week through May 11.


Bitcoin's Bad Side
The digital currency Bitcoin behaves like cash; transactions using Bitcoin are anonymous and irreversible. The FBI is concerned that these qualities are attracting money launderers and other criminals to use Bitcoin. At least one website uses Bitcoin to accept payments for illegal narcotics.

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