PaymentsSource-2/7/14: Bitcoin’s earliest adopters used to launch scathing criticism at the U.S. for being the first to regulate digital currency in 2012, but their ire seems to have cooled off. The digital currency is, by design, a means to enable payments in situations where regulations or other policies impair the use of conventional payment systems. For example, in late 2010 supporters of WikiLeaks began making donations in Bitcoins after mainstream payments companies blocked transfers to the organization. Some countries are taking a stricter approach. In December, China banned financial institutions from transacting in Bitcoin and payment companies from clearing it.

Subscribe to the comments for this post?

Share this on Facebook

Share this on LinkedIn

Email this to a friend?

Share this on

Add this to Google Reader

Share this on Technorati

Seed this on Newsvine

Share this on Blinklist

Share this on FriendFeed

Add this to Google Bookmarks

Post on Google Buzz

Post this to MySpace

Share this on Plaxo

Submit this story to Propeller

Add to a lense on Squidoo

Stumble upon something good? Share it on StumbleUpon

Share this on Tumblr

Buzz up!

Leave a Reply

Your email address will not be published.