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Crypto-currency for NSA leaker: Snowden fund accepts Bitcoin
Posted By admin On August 13, 2013 @ 4:39 am In Money Watch | Comments Disabled
August 13, 2013
US fugitive Edward Snowden’s defense fund, launched recently by WikiLeaks to raise money for the legal protection of the NSA leaker, has announced it now accepts donations in virtual currency Bitcoin.
The Journalistic Source Protection Defence Fund (JSPD) was set up on August 9 with the goal to provide legal as well as campaign aid to journalistic sources. Snowden, who is behind the biggest intelligence leak in the history of the US National Security Agency (NSA), has been selected the first such source.
Snowden was granted temporary asylum in Russia on August 1, after he spent more than five weeks in a transit zone at Sheremetyevo Airport in Moscow. He then slipped quietly out of the terminal for an undisclosed secure location. The whistleblower is charged in the US with espionage and other crimes.
So far the Snowden fund, which is governed by UK laws and administered by London-based Derek Rothera & Company Charted Accountants, has risen over US$ 9,300 from 160 contributors.
In addition to traditional payment methods such as credits cards, bank transfers and checks, Snowden’s defense fund also accepts donations by Bitcoin, WikiLeaks tweeted on Monday.
— WikiLeaks (@wikileaks) August 12, 2013 
Bitcoin, a decentralized digital currency, was first introduced in 2009 and has since then exploded in value. The virtual crypto-cash is gaining popularity around the globe as people become dissatisfied with the conventional banking system.
Last week, a federal judge in Texas ruled that Bitcoin is a legitimate currency . On the one hand, the ruling brought it a step closer to being recognized as real money. On the other, the decision opened up the possibility for the virtual cash to be soon regulated by government, which contradicts the very concept of Bitcoin – a peer-to-peer, relatively anonymous payment method that is free from centralized authority.
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URL to article: http://www.prisonplanet.com/crypto-currency-for-nsa-leaker-snowden-fund-accepts-bitcoin.html
URLs in this post:
 RT: http://rt.com/news/bitcoin-snowden-fund-wikileaks-384/
 #Snowden: https://twitter.com/search?q=%23Snowden&src=hash
 https://t.co/WsYDSRdS6l: https://t.co/WsYDSRdS6l
 August 12, 2013: https://twitter.com/wikileaks/statuses/366843577466241026
 ruled that Bitcoin is a legitimate currency: http://rt.com/usa/bitcoin-sec-shavers-texas-231/
 Swiss Propose Treating Bitcoin Like Any Other Foreign Currency: http://www.prisonplanet.com/swiss-propose-treating-bitcoin-like-any-other-foreign-currency.html
 Germany recognizes Bitcoin as ‘private money’: http://www.prisonplanet.com/germany-recognizes-bitcoin-as-private-money.html
 Alternative Currency Goes Mainstream As Bitcoin ATMs Emerge: http://www.prisonplanet.com/alternative-currency-goes-mainstream-as-bitcoin-atms-emerge.html
 Infowars Now Accepts Bitcoin: http://www.prisonplanet.com/infowars-now-accepts-bitcoin.html
 WikiLeaks: NSA leaker Snowden applied for asylum in six more countries: http://www.prisonplanet.com/wikileaks-nsa-leaker-snowden-applied-for-asylum-in-six-more-countries.html
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