GAO on Virtual Currencies

Editor’s Note: Bitcoina high tech Beanie Baby.

From: US General Accountability Office: Virtual Currencies: Emerging Regulatory, Law Enforcement, and Consumer Protection Challenges. GAO-14-496

Additionally, because virtual currencies operate over the Internet, they have implications for agency components that investigate and prosecute computer crimes (also called cybercrimes). For example, DOJ’s Computer Crime and Intellectual Property Section stated that virtual currencies can be attractive to entities that seek to facilitate or conduct computer crimes over the Internet, such as computer-based fraud and identity theft. The section’s responsibilities include improving legal processes for obtaining electronic evidence and working with other law enforcement agencies in improving the technological and operational means for gathering and analyzing electronic evidence. The FBI, Secret Service, and ICE-HSI also investigate computer crimes.

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