Earlier this week, a Bitcoin user in Pennsylvania reportedly received a letter from his bank, Firstbank, asking him to stop sending money to Coinbase, a popular wallet for storing the virtual currency. It’s been praised for its many legal uses by the people in the FBI, Treasury Department, and Congress. So why would Firstbank be worried about one of its customers using a Bitcoin wallet? New York is considering a special BitLicense for virtual currency firms, for example.
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