Main Products

Category

Contact Us

  • Contact: Leon Wang
  • Mobile: 0086 13920300830
  • Tel:0086-22-23615697
  • E-mail: jack@uansteel.com
  • Skype:leon_4414
  • Whatsapp:+8613920300830

News

Your current location :Home > News > The value of virtual currency Bitcoin has soared to over $900, after a US Senate committee hearing

The value of virtual currency Bitcoin has soared to over $900, after a US Senate committee hearing

The committee was told that virtual currencies were a "legitimate financial service" with the same benefits and risks as other online payment systems.
 
The Homeland Security and Governmental Affairs Committee is exploring the "promises and risks" of Bitcoin for "government and society at large". 
 
The currency has more than trebled in value since October.
 
Fear and confusion
 
The US Senate hearing was prompted by the closure of the Silk Road website in October. The site, which sold drugs and other illegal goods, was shut down by the FBI.
 
Users of the site were required to pay for their transactions using bitcoins.
 
Representatives from the Department of Justice and financial regulator the Securities and Exchange Commission have been asked to provide their views about virtual currencies to the committee and submissions have been received from the FBI and the US Federal Reserve.
 
"Virtual currencies, perhaps most notably Bitcoin, have captured the imagination of some, struck fear among others, and confused the heck out of the rest of us," the chair of the committee, Senator Thomas Carper, said in opening remarks.
 
The FBI, in a letter to the committee released on Sunday, said that it recognised virtual currencies offered "legitimate financial services" but they could be "exploited
 
The FBI,in a lette