16 Nov '13, 11am

US has Already Ceded Dominance in Bitcoin Trading

US has Already Ceded Dominance in Bitcoin Trading

Expertise and dominance in a particular industry sector doesn’t come about by decree. It is achieved over years through repeated practice and creative experimentation. During the first three-and-a-half years of bitcoin’s development from 2009 to 2012, a large portion of that technological experimentation had been occurring in the US with multiple bitcoin trading exchanges and bitcoin-related businesses. Now, there exists only one functioning exchange in the US with diminishing volume compared with its competitors. The Atlanta-based exchange, Camp BX , had reached such a low point of average daily trading volume that it was removed from the CoinDesk BPI earlier this month. Although the future may not look bright for the US jurisdiction, it does not appear to be a conscious decision on the part of legislators and regulators. The evolving body of law known broadly as “digital...

Full article: http://www.coindesk.com/us-already-ceded-dominance-bitcoi...

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