Government shuts down online Poker in U.S.

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Online Cash Bitcoin Could Challenge Governments, Banks

The Implications of Bitcoin

Like any new technology, an anonymous and distributed virtual currency has good uses and bad.

The bad, of course, is that bitcoin could facilitate illegal activities, including the sale of pirated or counterfeit goods, stolen credit card numbers and passwords--even child pornography. And in perhaps a grayer area, bitcoin might allow consenting adults in the U.S. who want to place bets at legal UK gambling sites to do so without worrying about restrictions on payment processors.