The search for the true identity of Bitcoin creator Mr. Satoshi Nakamoto is discussed by “Will the Real Satoshi Nakamoto Please Stand Up” and at a video:

Mt. Gox which was once the world’s largest Bitcoin currency exchange, is also in the news.  It made bankruptcy filings in Japan and the U.S. and reportedly lost virtual currency valued at $473 million.

Perhaps most important, is that Bitcoin and other virtual currency can be a major money laundering threat.  This is true because with anonymity, determined criminals may exchange their illicit monies for virtual currency.   As a USA Today editorial explains “drug dealers, tax cheats, money launderers and terrorists do have uses for such a currency. Bitcoin gives them a way to try to hide money or move it to places undetected.”

Moreover, a criminal’s hidden money would presumably be even harder to detect if that criminal used virtual currency like Bitcoin along with the kind of virtual office and internet bank mentioned at
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