“FinCen in March started applying traditional money-laundering rules to ‘virtual currencies’ amid growing concern that new forms of digital cash are being used for illicit activities. Those rules mandate that exchanges register with FinCen, follow stricter bookkeeping requirements and report transactions of more than $10,000. About a month after the edict, the Department of Homeland Security seized an account tied to Mt. Gox, alleging the company and a subsidiary were conducting transactions ‘as part of an unlicensed money service business.’ According to FinCen’s website, the agency received Mt. Gox’s registration on Thursday.”

http://online.wsj.com/article/SB10001424127887323873904578574000957464468.html

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