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Topic: [2015-10-25] Denver Post: Law offcials, Bitcoin groups form alliance (Read 297 times)

legendary
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Law offcials, Bitcoin groups form alliance

http://www.denverpost.com/business/ci_29015585/law-o-8734-cials-bitcoin-groups-form-alliance

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The goals of the Blockchain Alliance, include educating investigators on how Bitcoin works and enhancing the reputation of a digital currency that's been associated with high-profile crime

The Obama administration is joining with private companies in a partnership aimed at training enforcement officials about the virtual currency Bitcoin and fighting crime arising from its use.

The goals of the partnership, called the Blockchain Alliance, include educating investigators on the ins and outs of how the technology works and enhancing the reputation of a digital currency that's been associated with high-profile crime even as it has slowly gained mainstream acceptance and legitimacy.

The alliance includes the Departments of Justice and Homeland Security and representatives of private companies such as BitFury, BitPay and CoinBase that are involved in virtual currency.

Supporters see Bitcoin, a decentralized form of money that offers users a degree of privacy for their transactions, as a fast and easy payment system that is gaining legitimacy among regulators and businesses.
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