U.S. Senator calls for a Bitcoin ban as regulators seek ‘accelerated push’

Friday, February 28, 2014

The implosion of a once-popular Bitcoin exchange has some lawmakers calling for a ban on the virtual currency.

On Wednesday, Sen. Joe Manchin (D-W. Va) wrote a letter to regulatory agencies arguing that Bitcoin is “disruptive to our economy.”

“The clear ends of Bitcoin for either transacting in illegal goods and services or speculative gambling make me wary of its use,” Manchin wrote. “I urge the regulators to work together, act quickly, and prohibit this dangerous currency from harming hard-working Americans.”

Source: Washington Post (link opens in a new window)

digital payments, governance