PANIC: DHS Shuts Down BitCoin Payments System
BitCoin Panic: Department of Homeland Security Shuts Down Payments System
The Department of Homeland Security has shut down Dwolla, a mobile payment service used to withdraw and deposit money into Mt. Gox, the Bitcoin trading platform.
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May 15, 2013 at 11:50 AM
Reader Comments (7)
http://washingtonexaminer.com/article/2529589
http://t.co/1QMfP6euBU
IS NOT THE SAME AS
The Department of Homeland Security has shut down Dwolla, a mobile payment service used to withdraw and deposit money into Mt. Gox, the Bitcoin trading platform.
PLEASE IN THE NAME OF GOOD JOURNALISM STOP WITH THE SENSATIONALIST HEADLINES AND LINKBAIT
thank you
http://newsbtc.com/2014/05/21/canadian-lawyer-taking-lead-writing-first-bitcoin-law-book/
Canadian lawyer Christine Duhaime is collaborating with a group of international lawyers, professors, financial crime specialists, and even bitcoin businesses to write the world’s first law book on the topic of bitcoin and other digital currencies.
Duhaime, partner at Duhaime Law, will be spearheading the project, and the collaborators will serve as part of an international editorial board. This board will guide Duhaime throughout the writing by providing critical insight into the ever-changing world of bitcoin and the regulatory landscape surrounding it.
“I am thrilled to have the opportunity to write about the evolving law surrounding Bitcoin and other digital currencies,” said Duhaime in a statement. “As the US Federal Reserve noted only weeks ago, Bitcoin’s disruptive technology may force banks and other financial institutions to adapt and change the way they provide services to consumers and it will open new markets for business all over the world. It’s important that the law keeps pace with emerging technologies like Bitcoin and we are excited to be a part of the international dialogue on Bitcoin law.”
Canada could very well be the first country in the world to make federal law with regard to bitcoin. The Canadian government is even debating making amendments to its proceeds of crime legislation to regulate digital currencies, according to today’s announcement.
“The financial crime risks of Bitcoin are often highlighted in the media but Bitcoin has tremendous applications for financial crime prevention and the book will explore the legal promises of Bitcoin as well as its potential perils,” says Duhaime. “For example, the £4 billion carbon credit frauds that took place in the European Union could have been prevented if carbon credit exchanges were operated on the Bitcoin protocol because it has built-in fraud prevention mechanisms, something that is not well-known.”