Only 2.3% of Americans would trust bitcoin to send funds overseas in an emergency, according to a new survey by the Digital Currency Council. By contrast, 30.3% of the 750 “regular Americans” sampled would trust their banks to make international transfers. 23% of the people surveyed said that they would use Western Union, whilst 22% […]

The Australian Department of the Treasury is claiming bitcoin and digital currencies are a potential threat to its tax collection efforts. In a new report, the government agency outlines areas in which it hopes to change the structure of its tax revenue system, citing the emergence of new financial technologies, including bitcoin and other digital currencies, as […]

Two federal agents who took part in the US government’s efforts to take down illicit online black market Silk Road have been charged with fraud for allegedly misusing funds denominated in bitcoin while on assignment. Perhaps most notably, the Department of Justice (DOJ) alleges special agent with the US Secret Service (USSS) Shaun Bridges “diverted” […]

The Financial Action Task Force (FATF) has taken note of the issues hindering partnerships between bitcoin businesses and banks. At a Brussels meeting with industry figures last Friday, the anti-money laundering policy maker proposed a risk-based approach that ensures every digital currency business is evaluated on an individual basis. A risk-based approach means that banks […]

Bitcoin entrepreneur Charlie Shrem begins his stint in prison today, having been sentenced in December to two years behind bars. The 25-year-old will serve his time at Lewisburg Federal Prison Camp in Pennsylvania for aiding and abetting the operation of an unlicensed money transmitting business. “Of course I’m scared, but I’ll get through it. I’ve prepared,” he told […]