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What's the Treasury doing about bitcoin? A senator wants to know
A U.S. senator is asking the Treasury Department to explain its efforts to ensure that bitcoin is not being used by criminals and terrorists to evade bank regulations. Senator Ron Wyden sent his questions in a letter to the Treasury Department's Financial Crimes Enforcement Network on Thursday. FinCEN, as the unit is called, tracks money laundering and uses sensitive U.S. government intelligence to spy on illicit banking worldwide. CNN received an early copy of the letter. In it the senator says he worries the computerized currency "could be laundered through trades that occur outside the regulatory framework that ... (full story)