U.S. seizes accounts of major Bitcoin exchange based in Japan

Financial Post | Business

ST. LOUIS — U.S. authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo-based exchange Mt. Gox.

[np_storybar title=”Bitcoin’s real-world problem: Virtual currency facing bank backlash in Canada” link=”http://business.financialpost.com/2013/04/27/bitcoin-canada-banks/”]
Joseph David has overcome a lot of challenges since starting up Canada’s first Bitcoin exchange two years ago but his latest hurdle is proving tougher that all the others.

Virtex, based in Calgary, is an online market that matches Bitcoin buyers with sellers, with about $13-million of trades under its belt.

Continue reading.

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The move may prevent the firm from facilitating the purchase and sale of Bitcoins in U.S. dollars at a time when use of the currency and its value has mushroomed.

Bitcoin, which unlike conventional money is bought and sold on a peer-to-peer network independent of any central authority, has grown popular among users who lack faith in the…

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