“The old, informal methods of using Bitcoin are dying out: Of the two largest ‘exchanges’ where Bitcoins are bought and sold, one, Bitfloor, shut down in April following a major theft, and the other, Mt. Gox, is facing potential criminal charges after failing to properly disclose its financial practices to FinCEN, a U.S. regulatory body. FinCEN recently acknowledged ‘decentralized virtual currencies’ like Bitcoin as being real money, prompting scrutiny.  New firms are learning from predecessors, working with regulators and established financial players from the get-go, and structuring themselves in order to handle large amounts of money without meltdowns.”

http://www.nbcnews.com/technology/bitcoin-losing-shine-after-hitting-spotlight-6C10066339

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