Money laundering fears for virtual currency Bitcoin – BBC News

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The digital currency Bitcoin has been making headlines this week after a huge increase in value, but ministers are to introduce tighter regulations on the virtual currency over concerns it is being used to launder money and dodge tax.
Daily Politics reporter Emma Vardy looks at how some MPs believe the government should help bring digital currencies into the mainstream, and say it could have advantages for public services.

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Money laundering fears for virtual currency Bitcoin – BBC News

31 Kommentare

  1. We have to take control of this currency designed specifically to evade the control of governments and central banks. It’s for your own safety, citizen.

  2. Bitcoin transaction fees are no longer low. They are on the order of $10 per transaction some days. It makes no sense to use bitcoin for retail transactions for a whole variety of reasons (the time it takes to confirm a transaction, the uncertainty of when a transaction will be incorporated in a mined block on the blockchain etc). Most people have no clue about what they are talking about.

    1. World Gaming Series How many of the altcoins have the same limitations and problems that bitcoin does? Are any of them actually used for anything meaningful? (besides speculation). Nothing wrong with technology as long as it is actually useful. Credit cards are practical and useful. So are dollar bills.

    2. C.A Franc How long can a company or store stay in business if it does not collect sales tax or VAT on cryptocurrency transactions compared to fiat? My guess is not very long.

  3. The banks are scared that they will lose their control with the economy. The banks wouldn’t be able to manipulate the economy for their own good any more and that would be a good thing.

    Bitcoin has HUGE transaction fees now
    there are other cryptocurrencies with 0 transaction fees (IOTA) but they aren’t as widely used yet

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