The Department of Homeland Security (DHS) on Tuesday May 14 shut down Dwolla, a mobile payment website that helped to
facilitate bitcoin transactions. Bitcoin is the recently flourishing form of
virtual currency that has to date largely escaped the reach of federal
regulators. The action by the DHS means that investors may be more inclined to
take their business to other countries in the future. The DHS failed to provide immediate specifics on the reason for its action. |
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