US Senate committee investigation into threats and risks of Bitcoin

A US Senate committee has written to major financial regulators and law enforcement agencies to investigate the threats and risks posed by virtual currencies like Bitcoin.

The Senate Committee on Homeland Security and Government Affairs said it was concerned that virtual currencies could be sent anonymously, leaving little to no trail for regulators and law enforcers.

The letter was sent to the US Department of Justice, the Federal Reserve, the Treasury, the Securities and Exchange Commission and the Commodity Futures Trading Commission.

This comes just as Bitcoin's legitimacy gets a boost from confirmation Bloomberg is internally testing a ticker for the virtual currency.