[2014-05-17] Reuters - U.S. states take lead in writing bitcoin rules

[odolvlobo]

CHICAGO (Reuters) - A task force of U.S. state regulators is working on the first bitcoin rule-book, the head of the group said, hoping to protect users of virtual currency from fraud without smothering the fledgling technology.

http://www.reuters.com/article/2014/05/17/bitcoin-rules-idUSL1N0O30HF20140517

[Este Nuno]

How is it possible to protect people from fraud in bitcoin? Unlikely that they can come up with anything novel.

[bryant.coleman]

Rather than the states, the central (federal) government should have taken the lead in regulating the Bitcoins. But still, timely action from the state administrations are better than no action being taken by the federal admins.