Check out the first paragraph:

http://www.newyorker.com/online/blogs/currency/2013/11/why-regulate-bitcoin..html

“We do not think that it is in anyone’s best interest for digital currency 
to become an offshore industry or an industry dominated by China,” said 
Jeremy Allaire, the founder of a startup called Circle Internet Financial, in 
written testimony provided as part of his appearance, on Monday, at a hearing 
by the U.S. Senate Committee on Homeland Security and Governmental Affairs on 
the risks and benefits of digital currencies such as Bitcoin. 


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