Bitcoin Regulation Update- 03/07/14
This week saw the outing (or not) of Satoshi Nakamoto, Bitcoin's alleged inventor, who is said to have abruptly disappeared from the online forums he was known to frequent in Bitcoin's early days. Though the man alleged to be Nakamoto, who was living under a different name in the United States, denied involvement with Bitcoin, Newsweek, the publication....
Related News
Though no major policy developments were announced this week, the highlight seemed to be New York's Financial Services Superintendent Benjamin Lawsky agreeing to a request for a public question and answer session ("ask me anything") with users of online content aggregator Reddit. Though many users were clearly skeptical of Lawsky's answers and anxious about Bitcoin regulation, the tone of thediscussion was somewhat more positive than the public flogging of Lawsky that might have been expected. If you don't care to read the entire thread for yourself, Lawsky's comments could be summarized....
On Monday afternoon at the Money 20/20 conference in Copenhagen, a panel of industry leaders provided an update on their views of the current status of regulation in the Bitcoin and blockchain spaces in Europe. Of primary note was a statement around the short term future of digital currency regulation in Europe. Speaking on issues surrounding attention being placed on Anti-Money Laundering (AML) concerns, Monica Monaco of Trust EU Affairs made a bold yet not-surprising statement, given recent global affairs. “Brussels is paying attention”, asserted Mrs. Monaco. “There will be (European....
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.
The proposed regulation measures are considered to be positive in the UK. The topic of Bitcoin regulation is a cause for optimism and trepidation among digital currency enthusiasts. In the United States, the BitLicense currently being developed in New York has divided the industry. Unlike bitcoin users in the US, the majority of Bitcoin users in the UK are in favor of regulation. Miningpool.co.uk recently conducted a digital currency study revealing that amongst other results related to usage in the UK, only 13% of Bitcoin users disagree with the government's plans to regulate....
An increase in regulation has also been met with an adoption of Bitcoin on a wider scale, but what are the impacts of regulation on the industry?