RIAA Complains to US Government About The Pirate Bay Bitcoin Donations

Bitcoin Litecoin The Pirate Bay Homepage

In what has been described as a list of “notorious websites,” the RIAA (Recording Industry Association of America) has alerted the US Government to The Pirate Bay’s actions to accept Bitcoins as a form of donation:

“In April 2013, the site started accepting donations from the public by Bitcoin, a digital currency, which operates using peer-to-peer technology,” the organization notes.

The RIAA’s concern? Their inability to have the currency seized and traced.

“There are no central authority or banks involved which makes it very difficult to seize or trace Bitcoin funds. In May 2013, the site also started accepting Litecoin, another peer-to-peer based internet currency.”

Thus far, The Pirate Bay has collected over $20,000 USD to date between two addresses.

[via TorrentFreak]

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