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Especially following the public implosion of e-currency exchange Mt.Gox, the buzz around Bitcoin has recently been less than positive. But this week regulators chimed in on the crypto-currency, saying they would not seek to regulate it further until it becomes more commonly used for illegal activities.

In a briefing on March 18, David Cohen, the Treasury Department’s undersecretary for terrorism and financial intelligence, said money laundering was not currently a widespread issue for Bitcoin, nor was it the preferred method of payment for criminal or terrorist activity.

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