virtual currencies

US Treasury Warns Against Growing Use of Virtual Currencies by Terrorist Groups

The US Treasury Department has expressed concerns about the growing use of virtual currencies and other digital assets by terrorist groups unless Congress enacts new regulatory measures.

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People's Bank of China warns Chinese banks on Bitcoin trading

China's central bank the People's Bank of China (PBOC) stressed the need for its domestic banks to avoid transactions using Bitcoin and other virtual currencies and vowed that it will launch countermeasures against illegal activities using the alternative online payments.

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Bubble on Bitcoin will burst with no intrinsic currency value - Greenspan

Former Federal Reserve Chairman Alan Greenspan told Bloomberg Television today that despite the high trading value of the Bitcoin, the virtual currency holds no intrinsic currency value like with real physical money.

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Bitcoin gets competition from rival virtual currencies

The competition is growing in the world of virtual currencies as other rivals tout their advantages over the bitcoin, a report from The New Y0rk Times The Dealbook reveals.

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