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Main Bitcoin Trade Group Meets with Major U.S. Regulators and Law Enforcement Agencies

Last week, the main Bitcoin trade group met with multiple U.S. regulatory and law enforcement agencies to address questions and concerns they have over the role of the virtual currency in financial markets. Bitcoin has been under increased scrutiny as of late for being the most popular of virtual currencies, currencies that are not backed by any government central bank. This has allowed many criminal organizations to use the currency to funnel funds illicitly without being traced. It has also proven to be difficult to tax due to its anonymous nature.

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