Tag: U.S. Congress Virtual Currency
First Virtual Currency Hearing Held In U.S. Congress
November 20, 2013
Card Player – Congressmen from the United States met publicly for the country’s first ever hearing on virtual currencies, most notably the skyrocketing bitcoin. The hearing was entitled “Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies” and lasted around three hours. Silk Road was an online marketplace where users could buy illicit goods using bitcoins. Its owner was accused of a slew of crimes, including seeking out a hitman. “Criminals will always seek new technologies to further hide their crimes,” Mythili Raman, Acting Assistant Attorney General of the Criminal Division of the Department of Justice, testified in…