The U.S. government is planning to allow merchants to accept digital currencies such as bitcoin, giving some of the country’s biggest online retailers an opening to offer the currency at their storefronts.
The move comes amid growing concerns among the technology industry and others that bitcoin, which is unregulated, could become a money laundering tool and be used to finance terrorism.
It’s the latest in a series of moves by the Trump administration to ease restrictions on digital currency and other forms of virtual currency.
Trump, who has a longstanding relationship with Amazon, announced in January that it will allow businesses to accept bitcoin and similar virtual currencies at its online retail stores.
He also announced plans to ease a ban on cryptocurrency trading at federal financial institutions.
Bitcoin and other digital currencies are volatile and prone to hacking, fraud and theft.
The virtual currency is used by many to make transactions through a variety of websites, including some on Amazon.com.
The FBI has seized more than $400 million in bitcoin from Americans in recent years, according to court records.
The U.K.’s Financial Conduct Authority last month approved an initial public offering of bitcoin, a digital currency with a value of less than $100.
In March, the company listed a $30 million initial public stock offering.