“Bitcoin is thriving across the internet, particularly overseas, and it could become as important to everyday life as the internet itself.  The value of bitcoins have surged, topping $750 on Monday. But exchanges such as Mt. Gox and Bitstamp, which, although located overseas, have traditionally be driven by US traders, have taken a back seat to the Chinese exchange BTC-China, which has now become the world’s most popular bitcoin exchange.  For regulators here in the U.S., the trick is to control Stateside use of this wildly popular digital currency without choking it all together. Otherwise, the bitcoin world will continue to evolve at expense of our domestic economy.”

http://www.wired.com/wiredenterprise/2013/11/bitcoin_hearing/

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