KCN Regulations on bitcoin to fight money laundering
Channel: KCN News
Date: 27/02/2017

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The new laws for bitcoin in West Virginia. Lawmakers of the state want to make it a felony to launder money with bitcoin and other cryptocurrencies. The legislators introduced the document titled West Virginia House Bill 2585 on updating of the state's money laundering statutes, which included the cases that involved cryptocurrencies. The Bill deemed cryptocurrency as money and claimed the need of adopting the new laws around the technology.
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