28 Aug '15, 3pm

Why Bitcoin Supporters Should Push for International Regulation - Nasdaq

For many supporters and owners of Bitcoin, the word “regulation” is anathema. The very idea of government at any level imposing rules and restrictions on a concept that was designed, at least in part, to avoid them, gives them the heebie-jeebies. That unease increases for many with an increase in the size and scope of the government entity. Thus, in the U.S., many have voiced a preference for regulations, if they must come, to be arrived at on a state-by-state basis rather than at the federal level. Presumably for those people, any international regulation would be perceived as the ultimate boogeyman, but if so, they are mistaken. As counter-intuitive as it may seem, the best chance that Bitcoin has of being regulated with a light touch comes from international cooperation. The idea of doing just that seems to be gaining ground in some quarters, as evidenced by recent comm...

Full article: http://www.nasdaq.com/article/why-bitcoin-supporters-shou...

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