Bitcoin executive Charlie Shrem is accused of money laundering

Bitcoin's ongoing quest for legitimacy suffered a setback this week when the federal government arrested one of the currency's chief advocates — right before New York regulators hear testimony about the currency.

Bitcoin's ongoing quest for legitimacy suffered a setback this week when the federal government arrested one of the currency's chief advocates — right before New York regulators hear testimony about the currency.

Bitcoin's ongoing quest for legitimacy suffered a setback this week when the federal government arrested one of the currency's chief advocates — right before New York regulators hear testimony about the currency.

NEW YORK (Reuters) – The vice chairman of the Bitcoin Foundation, a trade group promoting the adoption of the digital currency, has been charged by U.S. prosecutors with conspiring to commit money laundering by helping to funnel cash to illicit online 

NEW YORK — The federal government has arrested one of the biggest names in the bitcoin community in the latest crackdown on digital currencies and their illicit use. Charlie Shrem, chief executive of digital currency exchange BitInstant, stands