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Bitcoin exchangers charged with money laundering
New York – The Manhattan district attorney’s office has brought federal money laundering charges against two men involved in exchanging Bitcoin virtual currency. According to media reports, Bitcoin exchanger Robert M. Faiella, 52, and Charlie Shrem, 24, the CEO of the Bitcoin exchange company BitInstant, have been charged with conspiring to commit money laundering and operating an unlicensed money-transmitting business.
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Report: Wal-Mart, Kroger have PIN-and-chip hardware ready
Bentonville, Ark. – Major U.S. retailers including Wal-Mart Stores and Kroger reportedly already have hardware to read PIN-and-chip payment cards, which are more resilient against data breaches than the magnetic stripe payment cards commonly used by American consumers. However, according to the Dallas Morning News, the hardware is largely unusable because customers do not have PIN-and-chip cards.