According to Bloomberg, the SEB AB Bank has refused to set up Bitcoin accounts due to concerns about money laundering. The news about Silk Road getting shut down and prominent Bitcoin speculators being arrested for money laundering comes at the same time that legal marijuana businesses appear to have no access to banks due to the same money laundering concerns. Except of course that legal marijuana business can transact in cash whereas Bitcoin only has value if it can be converted into another currency. Unless one were to shop at Overstock.com where apparently they still take Bitcoins, money laundering concerns be damned! Does anyone know if Overstock's Vice Chairman, Jonathan Johnson, is as worried about Bitcoin and money laundering as he is about gay marriage?
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