Homeland Security freezes account linked to Bitcoin exchange

Molly Wood May 17, 2013
HTML EMBED:
COPY

Homeland Security freezes account linked to Bitcoin exchange

Molly Wood May 17, 2013
HTML EMBED:
COPY

U.S. officials have been warning for months that the unregulated digital currency Bitcoin wasn’t fully legitimate in the eyes of the law. Now, the Department of Homeland Security has frozen an account for one of the largest Bitcoin exchanges, a firm called Mt. Gox. The online firm, based in Tokyo, says it handles nearly 80 percent of global trading for this form of virtual cash.

Queena Kim, Marketplace Tech reporter, explains the latest on the story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.