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The Federal Bureau of Investigations (FBI) are looking into several Bitcoin exchanges for an alleged connection to the now defunct Silk Road forum.
While, as we reported yesterday, the Federal Advisory Council (FAC) and Federal Reserve seem to have some positive things to say about Bitcoin, other branches of the government apparently hold a different opinion. While the FAC understands that Bitcoin's use in illegal activity is no different than how cash or other forms of currency, the Federal Bureau of Investigations (FBI) are looking into several Bitcoin exchanges for an alleged connection to the now defunct Silk Road underground trading forum.According to the Wall Street Journal, the FBI and federal prosecutors are investigating the now liquidated Mt. Gox and other exchanges, as well as other Bitcoin-related businesses for a possible link to illegal activity on the Silk Road.While the anonymous source says that the investigation is still early and no connection has been confirmed in the minds of the authorities, several Bitcoin companies reportedly received subpoenas from the federal government this past winter. Besides Mt. Gox, it is not known which Bitcoin companies have been contacted by federal authorities.
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