The Senate Homeland Security and Committees held a joint hearing on
virtual currency Bitcoin on Tuesday. Bitcoins are basically digital cash
for the Internet, operating through person-to-person exchange, without a
bank or central monetary authority to regulate or issue the currency.
Bitcoins caught the eye of federal legislators after the FBI raided
online black market Silk Road, which used Bitcoins as its currency of
choice. The hearing looks at whether digital currencies should be
regulated - or if its even possible to regulate them. RT's Ameera David
talks to "Boom Bust" host Erin Ade who is on Capitol Hill covering the
hearing.
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