Increasingly businesses are coming under some form of regulatory framework around the globe. For instance, on Wednesday the Peoples Bank of China held a meeting with bitcoin exchanges operating the country with the aim of putting new regulations in place to guide them.
Meanwhile, the major selling point of bitcoin has been the privacy that it offers its users. With bitcoin enterprises and activities coming under the focus of regulators, where does the balance for bitcoin enterprises between protecting customers and trying to impress regulators?
Bitcoin transaction is still anonymous and remains a secret. Those laws and policies will only take effect if somebody has done illegal transactions such as money laundering. Without doing such illicit act there is no need to worry since the authorities will not look into your wallet. They will only look at suspicious wallets with high volumes of bitcoin and make sure that money launderers cannot escape their sight.