Wells Fargo calls Bitcoin summit on ‘rules of engagement’

The Financial Times reports:

Wells Fargo has convened a group of finance executives, virtual currency experts and representatives from the US government to discuss “rules of engagement” with Bitcoin, amid concern about the money laundering risks of the new currency.

The bank, the largest in the US by market value, has emerged as one major financial institution interested in dealing with a potential new Bitcoin economy. But regulatory uncertainty has deterred banks from offering services to virtual currency start-ups.

Competition for the dollar??