“Canada will toughen rules targeting money laundering and terrorist financing to keep a closer eye on the use of Bitcoin and other virtual currencies, the government revealed in the federal budget on Tuesday. Like cash, Bitcoins can be used in transactions without providing a record of its source. The virtual currency, whose value at one point topped $1,000, has been used for all types of online purchases, both legal and illegal. The Silk Road, an eBay-like Bitcoin exchange that included listings for guns and heroin, was recently shut down by the U.S. authorities. Online casinos will also be brought into the government’s existing money laundering rules, the federal government said.”
Related posts:
FBI admits flaws in hair analysis over decades; 14 prisoners already dead
Al-Qaeda-linked force captures Fallujah amid rise in violence in Iraq
New video shows officers standing by in hallway during Vegas mass shooting
Credit card firm cuts off nation's No. 1 gun store --- for selling guns
Firestone Did What Governments Have Not: Stopped Ebola In Its Tracks
Suicide rate among the middle-aged rises sharply in U.S.
Combat stress felt far from front lines
Gold Fix Study Shows Signs of Decade of Bank Manipulation
World’s first fleet of marine drones being tested in the Mediterranean
The Hookah Lounge War Is On
Delcambre officer accused of altering pain med prescriptions
NASA: Voyager 1 becomes first spacecraft to leave our solar system
Lenders In Europe Will Need More Central Bank Cash, Fitch Says
The European Parliament Threatens To Break Up Google
Man sues two officers for $100 million after he was wrongfully jailed