Student-Run CLAG Publishes on Bitcoin in American Banker

Law students Matthew Elias and James Woods, directors of the Cryptocurrency Legal Advocacy Group, a nonprofit that seeks to promote a clear regulatory environment for peer-to-peer currencies, published an article in American Banker on Sep. 6th that discusses the potential for using the digital currency Bitcoin to evade money laundering rules or to engage in currency manipulation. The story arose in connection with reports that Mitt Romney’s tax returns had been stolen by a group that threatened to release the returns unless they were paid $1 million in Bitcoins. The article is available here: http://www.americanbanker.com/bankthink/romney-shakedown-attempt-shows-laundering-potential-of-bitcoin-1052402-1.html

CLAG’s website is here: http://theclag.org/