United States is stepping up its bitcoin game. The White House has reportedly formed an alliance with private companies to train law enforcement officers how virtual currencies work.
The partnership is coined the Blockchain Alliance, after the technology—the digital ledger where bitcoin transactions are recorded—that makes digital currencies possible, the Examiner reported.
According to the news outlet, the partnership has two main goals: educate investigators on how the technology works and also improve the reputation of digital currency, which is slowly becoming accepted in the country.
Last month, the U.S. Commodity Futures Trading Commission (CFTC) announced bitcoin and other virtual currencies are considered as commodities, just like corn and oil.