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U.S. authorities reached a settlement with a virtual currency start-up accused of negotiating a quarter-million-dollar deal with a convicted explosives dealer. (Alexander Kirch/Shutterstock.com)

(Bloomberg) — U.S. authorities effectively tightened their grip on virtual currencies, reaching a settlement with a San Francisco-based start-up that regulators accused of negotiating a quarter-million-dollar deal with a convicted explosives dealer.

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