“California and New York, home to Silicon Valley and Wall Street, are preparing to write rules of the road for entrepreneurs driving a surge of interest in Bitcoin and other virtual currencies. The outcome could determine how big a threat Bitcoin poses to established payment companies including JPMorgan Chase & Co. and Visa Inc. as well as where venture capital and talent converge to form a geographic hub for U.S. startups. Regulators and law enforcers have expressed concern that Bitcoin could facilitate money laundering and sales of drugs and other illegal goods. JPMorgan Chief Executive Officer Jamie Dimon has said he expects that Bitcoin will be less of a threat once regulators intervene.”
http://www.businessweek.com/printer/articles/667687?type=bloomberg
Tip Freedomwat.ch Staff with Bitcoin