07 May '13, 3pm

Watchdog: Y'know what Bitcoin really needs? A REGULATOR!

A US financial regulator has said it's figuring out if crypto-currency Bitcoin falls under its remit. Top bods at the Commodity Futures Trading Commission (CFTC) are discussing whether the cyber-cash should actually be covered by its rules, as Bitcoin gains in popularity. "[Bitcoin] is for sure something we need to explore," one of the five commissioners at the CFTC told the Financial Times . "It’s not monopoly money we’re talking about here - real people can have real risk in these instruments, and we need to ensure that we protect markets and consumers, even in what at first blush appear to be ‘out there’ transactions," he said. A person familiar with the commission's chats on the online currency said it was "seriously" looking into Bitcoins. It's not the first time that governments and regulators have made noises about stepping into the Bitcoin market, which is starting...

Full article: http://www.theregister.co.uk/2013/05/07/us_regulator_chec...

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