U.S. Officials Deal Blow to Bitcoin

“The scrutiny comes after the Treasury Department ruled in March that firms issuing or exchanging online cash, including currencies not backed by a central bank, would be subject to the same money-laundering rules as traditional providers like Western Union Co.  A number of firms have registered as money-transmission businesses since the agency issued the guidance, but Mt. Gox hasn’t done so, according to a FinCen list. The agency doesn’t have authority to take on Mt. Gox directly because it is based in Tokyo, but has fired a shot across the exchange’s bow by going after its U.S. subsidiary.”

http://online.wsj.com/article/SB10001424127887323582904578485391717441224.html

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