Bitcoin Poses a Challenge for Law Enforcement

“Backers say virtual currencies offer advantages for legitimate uses. There are no bank holidays or foreign-exchange rates. More businesses, including the dating website OKCupid, run by Rainbow Humor Inc., accept bitcoins. A unit of Baidu Inc., the Chinese search giant, said last week it will now accept bitcoins as payment for some services. It can be easy for law enforcement to track down inexperienced Bitcoin users, said Scott Dueweke, a senior associate at Booz Allen Hamilton who has advised U.S. agencies, including the DEA, on virtual currencies. But, Mr. Dueweke added, ‘If you’re sophisticated, which criminals are…then I think it is very anonymous.'”

http://online.wsj.com/news/articles/SB10001424052702304384104579143703058398582

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