Canadian Economist Prepares Economic Note on Bitcoin Regulation

Canadian Economist Prepares Economic Note on Bitcoin Regulation

Canadian economist David Descôteaux has prepared an economic note on the topic of bitcoin. Specifically, the discussion takes a look at bitcoin regulation, and the Canadian government's plans to put together legislation on this emerging digital currency and payment system. In his report, he lists three items that need to be tackled before bitcoin is considered a currency. Three conditions would need to be met for the expansion of the use of bitcoin as a currency, which remains very limited at the moment. First, users would need to receive concrete benefits rather than some other one, a....


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