“Chances are you have never used a Bitcoin, but you’ve probably heard of it. The virtual currency is popping up more and more in the news and the government has been showing an increased interest in the subject. For instance, the top Democrat and Republican on the Senate’s Homeland Security and Governmental Affairs Committee this week told federal financial regulators and law enforcement officials to explain how they are keeping tabs on ‘virtual’ currencies, including the $1.2 billion market for Bitcoins. So what, errr, is a Bitcoin? What follows is guide to understanding the currency, why it’s used and why the government is paying attention.”

http://dyn.politico.com/printstory.cfm?uuid=27743DCB-082B-46D0-AFBA-678A72B2B24A

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