Dec 12th 2013, 14:40, by Adrianne Jeffries
Earlier this week, a Bitcoin user in Pennsylvania reportedly received a letter from his bank, Firstbank, asking him to stop sending money to Coinbase, a popular wallet for storing the virtual currency.
"We respectfully request that you no longer perform transactions with this company or other companies of this kind," the letter says. "If there should be a reoccurrence of this type of activity, we will regretfully be forced to close your account."
Bitcoin is not illegal. It’s been praised for its many legal uses by the people in the FBI, Treasury Department, and Congress. Investors have plunged millions into startups providing Bitcoin services. So why would Firstbank be worried about one of its customers using a Bitcoin wallet?
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