14 Jun '13, 3pm

Bring on the Bitcoin Regulations: Winklevoss

Government regulations will actually help bitcoin, not hurt it, digital currency entrepreneur Cameron Winklevoss says. During a panel discussion at the NExT conference entrepreneurial event in New York, he said regulations will help give credibility to bitcoin, which has a reputation of being used by criminals laundering dirty money. "If and when it does get more regulated, which I think, personally, in the bitcoin world, we love regulation. I don't want to facilitate bad uses of money as much as anybody else. So I don't really have an issue with that," the co-founder of Winklevoss Capital Fund said Thursday. (Read More : Never Mind Facebook; Winklevoss Twins Rule in Digital Money ) Bitcoin, an open-source digital currency, allows parties to transfer money without the use of traditional banking or money transfer systems. Its value fluctuates based on supply and demand. Cam...

Full article: http://www.cnbc.com/id/100815062

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