Swift Institute: Problems And Progress Regulating Cryptocurrencies

Swift Institute: Problems And Progress Regulating Cryptocurrencies

As cryptocurrencies have expanded as a medium of exchange, governments worldwide have struggled with how best to regulate them. While one of the draws of cryptocurrencies is that they are less regulated than traditional currencies, problems associated with these currencies (such as financial crimes and terrorist financing) have encouraged governments to develop regulations. A recent report by the SWIFT Institute summarizes regulatory initiatives to date and identifies some of the problems that governments encounter in attempting to regulate cryptocurrencies. The 77-page paper, titled "The....


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Quotes

I understand the political ramifications of [Bitcoin] and I think that government should stay out of them and they should be perfectly legal.

Roger Ver, Bitcoin Angel Investor and Evangelist