NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, January 30, 2014

New York could soon become the first state in the nation to write comprehensive regulations for the largely lawless world of virtual currencies.

The biggest one, Bitcoin, has many boosters, but it has also been connected with some spectacular crimes. On Monday, federal prosecutors announced the arrests of two men accused of using Bitcoin to help their clients buy and sell over $1 million in illegal drugs.