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Entries Tagged as Finance and Securities

Growing Bitcoin Regulations and Its Constituencies

By District of Columbia Bar

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Reaction from the Bitcoin community has been mixed. Some Bitcoin supporters have welcomed, or at least accepted, greater federal and state involvement, while others have criticized both the specific rules and the rulemaking process. It would be a mistake to place all Bitcoin advocates in one of these two categories. There are actually multiple Bitcoin “constituencies,” and understanding these groups helps explain why effective regulation will be such a challenge.

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What Is a Bitcoin? The Key Question for Bitcoin Regulation

By District of Columbia Bar

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As the public becomes more and more aware of Bitcoin, the debate has intensified over who should, or can, regulate it. That question has become more urgent with the recent bankruptcy of the Bitcoin exchange Mt. Gox, which may have cost more than one million customers over $400M in Bitcoin. Mt. Gox is not a bank, so these funds were uninsured, and some customers lost their life savings.

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