Several policy makers in the US has voiced out the urgency to draft a legislation governing Bitcoin and other virtual currencies for the protection of investors following the abrupt disappearance of popular virtual currency exchange Mt Gox.
Following an unannounced shutdown of the virtual currency exchange Mt Gox on Tuesday, a report by a Forbes newsmagazine contributor said investors could only recoup their losses via tax deductions.
Florida's state authorities announced last Thursday that three men faced criminal charges stemming from their running illegal businesses, in which they moved large amounts of cash in and out of the Bitcoin virtual currency.
New York Department of Financial Services superintendent Benjamin Lawsky revealed the agency's plans of enforcing regulations regarding digital currency businesses and said that it would be using existing money laundering laws to do so.
Miami-Dade State Attorney Katherine Fernandez Rundle said in a statement that its arrest of Pascal Reid and Michel Abner Espinoza were its first first state law charges over the use of Bitcoin in money laundering.
