21 Aug '13, 4pm

Why Regulators Should Embrace Bitcoin

Why Regulators Should Embrace Bitcoin

Print Email Reprints Comment Twitter LinkedIn Facebook Google+ Governments are increasing their scrutiny of the decentralized digital currency and payments system Bitcoin. The Senate Homeland Security and Government Affairs Committee recently initiated an inquiry into Bitcoin and other digital currencies, and the New York Department of Financial Services last week subpoenaed two-dozen Bitcoin-related businesses. The media often portray these developments as a "crackdown" —but this is incorrect. Most regulators are only pursuing the facts—though perhaps more aggressively than is warranted, as with New York's subpoenas—which is an admission that they don't fully understand the nascent technology. Despite the inevitable tension between regulators and their targets, it's refreshing when policymakers seek to understand a new industry before regulating it. It's not uncommon for ...

Full article: http://www.americanbanker.com/bankthink/why-regulators-sh...

Tweets

Five surprising facts about Bitcoin

Five surprising facts about Bitcoin

washingtonpost.com 21 Aug '13, 1pm

Inflation and capital controls have helped make Bitcoin popular in Argentina. (Photo by Beatrice Murch ) This has been a b...

Still don't really get the whole #Bitcoin thing. Hmm?

Still don't really get the whole #Bitcoin thing...

panphoenix.com 22 Aug '13, 4pm

Cyprus, and its banking system, were the talk of the globe for nearly two months this past winter. All banks were closed b...

U.S. Regulators Aim to Close 'Wild West' Frontier of Bitcoin

U.S. Regulators Aim to Close 'Wild West' Fronti...

entrepreneur.com 14 Aug '13, 5pm

Americans are all about new frontiers. But the frontier of digital currencies represented by Bitcoin -- for so long the pr...

This is absolutely amazing:

reddit.com 23 Aug '13, 3pm

Tell me what you think of this idea. Also, please share ideas of little publicity stunts you think will raise awareness of...

Lawmakers, Banking Regulators Take On Bitcoin Y...

npr.org 13 Aug '13, 10pm

Copyright © 2013 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required. A...

#Bitcoin

coindesk.com 27 Aug '13, 5pm

The Bitcoin Foundation’s meeting with representatives from a number of US government departments yesterday was productive ...

Bitcoin Group, Regulators to Meet - Wall Street...

online.wsj.com 26 Aug '13, 12am

Representatives from at least seven government agencies are scheduled to meet Monday with the main Bitcoin trade group ami...

U.S. regulators, Bitcoin group to discuss digit...

reuters.com 26 Aug '13, 5pm

WASHINGTON | Mon Aug 26, 2013 1:50pm EDT WASHINGTON (Reuters) - U.S. regulators and law enforcement agencies are expected ...

U.S. regulators, Bitcoin group to discuss digit...

news.yahoo.com 26 Aug '13, 5pm

WASHINGTON (Reuters) - U.S. regulators and law enforcement agencies are expected to meet on Monday with an advocacy group ...

U.S. regulators, Bitcoin group to discuss digit...

reuters.com 26 Aug '13, 5pm

WASHINGTON | Mon Aug 26, 2013 1:50pm EDT WASHINGTON (Reuters) - U.S. regulators and law enforcement agencies are expected ...

U.S. regulators, Bitcoin group to discuss digit...

reuters.com 26 Aug '13, 5pm

WASHINGTON | Mon Aug 26, 2013 1:50pm EDT WASHINGTON (Reuters) - U.S. regulators and law enforcement agencies are expected ...

U.S. regulators, Bitcoin group to discuss digit...

foxbusiness.com 26 Aug '13, 5pm

WASHINGTON – U.S. regulators and law enforcement agencies are expected to meet on Monday with an advocacy group for Bitcoi...

Federal Regulators Aren't Ready To Crack Down O...

businessinsider.com 27 Aug '13, 6pm

Bitcoin is safe from federal regulators for now — mostly because they're still not quite sure what it is. Yesterday, law e...

Tips from regulation conference on Bitcoin compliance

Tips from regulation conference on Bitcoin comp...

lsvp.com 21 Aug '13, 4pm

With the backdrop of both Congress and the NY Department of Financial Services launching investigations into Bitcoin, regu...

The Hill: Regulators to meet with #Bitcoin grou...

thehill.com 26 Aug '13, 6pm

The bitcoin representatives will meet with officials from the FBI, the IRS, the Federal Reserve, the Homeland Security Dep...