Wells Fargo Discussing Bitcoin ‘Rules of Engagement’

January 14, 2014

Wells Fargo & Co has called finance executives, virtual currency experts and U.S. government representatives to discuss “rules of engagement” with Bitcoin amid concern about the money laundering risk of the currency, the Financial Times reported. The meeting focuses on the security issues surrounding banking and Bitcoin as financial regulators warn consumers on the risks of using unregulated online currencies, the London-based financial daily reported.

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