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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > [2014-08-03]Bitcoin: 'Digital Currency Regulation Would Curtail Innovation And H
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zakoliverz (OP)
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August 03, 2014, 07:19:44 AM
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http://www.ibtimes.co.uk/bitcoin-digital-currency-regulation-would-curtail-innovation-harm-businesses-consumers-1459443

New York's attempt to treat digital currencies such as bitcoin in the same manner as other financial instruments by fitting them into an existing legal framework would harm innovation and consumers' independence, according to a digital currency expert.

Jesse Powell, CEO of San Francisco-based bitcoin exchange Kraken, told IB Times UK that New York's recent proposal to bring bitcoin businesses under regulation could harm consumers and businesses.
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August 03, 2014, 07:31:07 AM
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I think if people want bitcoin to suceed or at least become legit they're going to have to put up with some sort of regulation at some point.
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August 03, 2014, 07:46:51 AM
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I don't think the regulation can seriously harm anybody. After all many bitcoin businesses exist out site of NY or US.
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August 03, 2014, 08:29:50 AM
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Quote from: cryptofan5 on August 03, 2014, 07:46:51 AM
I don't think the regulation can seriously harm anybody. After all many bitcoin businesses exist out site of NY or US.

It could cripple or throttle them, but they'll just have to find a way to work around them.
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