Silk Road an Albatross for Bitcoin - Carol Van Cleef

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    DC Partner Carol Van Cleef was quoted in an October 4, 2013 Wall Street Journal piece regarding the digital currency bitcoin. The price of bitcoin recovered after plummeting recently on news that the founder of the Internet drug market Silk Road, which relied on the virtual currency, was arrested by federal authorities. “The Silk Road issue has been an albatross around bitcoin,” said Ms. Van Cleef. Weeding out venues such as Silk Road could make people more comfortable with virtual currencies, she added.

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