The case for regulation
Daniel Cawrey at CoinDesk broke down a few arguments for why government regulation on some level would be a benefit to Bitcoin. This has been a hot topic in the US since the November 18 Senate committee hearing on digital currencies. The basis for regulation, in his argument, comes from FinCEN Director Jennifer Shasky Calvery’s quote about mitigate risk while minimizing the burder on the currency. Cawrey touches on three areas of concern: Crime, privacy and the banks. Here is how limited regulation could assuage those concerns.
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Jean-Louis Schiltz is a guest professor at the University of Luxembourg and legal advisor to several virtual currency companies (since his first involvement with bitcoin through MIT Media Lab). He is also a former Cabinet minister in Luxembourg. In this article, he examines whether it is possible for one place to emerge as the world's bitcoin hub and whether regulation will have a hand in this. Bitcoin and its regulation have been hot topics in and around the financial industry for some time now. In the early days, the focus was (to repurpose a Shakespearian quote): to regulate or not to....
Aside the Bitfinex hack which is explicable, every time there is a drop in the price of Bitcoin - as we have seen in recent days - several unfounded factors tend to crop up to provide plausible cause. This article was written to look at issues that affect Bitcoin price and yet defy a collective reasoning of consensus among many users. A case in focus is between Friday July 29 and August 1 when the price dipped by more than $50 from $655 to $603. What was responsible for that? EU regulation factor. There is a view that the current price is a reflection of the proposed regulation being....
Are you for it, or against it? It's no secret that the bitcoin community can be divided when it comes to the topic of regulation - some believe it's necessary to bring bitcoin to the mainstream and others believe that bitcoin was built specifically to circumvent regulation. To get a better idea of where the industry stands as a whole, CoinDesk wants to hear directly from our readers about how they view bitcoin regulation around the world.
In spite of Russia's recent tough tone on Bitcoin, the central bank has now announced that the digital currency should not be left on the outside. Bitcoin regulation in the picture? Historically, government agencies and members of the Bank of Russia have been positive to the embracing of the cryptocurrency technology, but they have adopted a wait-and-see approach to its regulation. Alexey Moshkov, Chief of the Special Technical Activities Bureau in the Ministry of Internal Affairs takes the extra mile by suggesting the implementation of legislative policy and Bitcoin regulation of the....
A panel of bitcoin and legal experts discussed the hot topic of regulation and digital currency today at the Bitcoin London conference. The panel discussion, which was moderated by Stefan Greiner of Xenion Legal, featured Constance Choi of Payward, Patrick Murck of Bitcoin Foundation, Stuart Hoegner of Gaming Counsel and attorney Danny Friedberg. Greiner kicked off the discussion by warning members of the audience not to expect any concrete answers about the future of digital currency's regulation - the landscape is currently moving, which is likely to remain the case for a while. Speaking....