Regulators Have Been Reasonable About Bitcoin, Now It’s The Media’s Turn

Over the past few months an abundance of regulatory actions and updates have been issued around bitcoin, particularly in the United States. Every update has led to a visible effect on bitcoin prices, not because any of them are particularly threatening to the future of bitcoin, but because of market fear largely driven by uninformed or unscrupulous journalists. Based on their actions to date, regulators are not attacking bitcoin any more than they are attacking banking itself. They have merely applied longstanding rules to bitcoin entities. This is in no way an endorsement of regulation, but rather a necessary acknowledgement …