European Council’s Bitcoin Regulation: Blessing or Curse?

European Council’s Bitcoin Regulation: Blessing or Curse?

The regulation of virtual currencies by the European Council creates unduly burden on exchanges, but at the same time adds legitimacy to Bitcoin and other cryptocurrencies, says a European Parliament consultant on the matter. Cointelegraph asked Jonathan Chester, who is the head of Bitwage, a leading payroll company in Europe and a contributor at Forbes, what he thinks about the process and how regulation will affect the Bitcoin ecosystem. He is a part of a working group that is consulting the European Parliament on the subject of virtual currency and blockchain. In Jonathan’s opinion, the....


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