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US Bitcoin hearings: Regulator tackles virtual currency

28 January 2014 Last updated at 11:09 GMT

New York's Department of Financial Services is to start two days of hearings on the virtual currency, Bitcoin, on Tuesday.

This comes just a day after authorities charged two men in connection with money laundering using, Bitcoin exchanges.

The hearings are more fact-finding in nature, but if New York clears the way for Bitcoin to enter more widespread use, it could be a game-changing moment for digital currencies.

Samira Hussain reports from New York.