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?
Here you will find the balance: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?
1. Coinbase was made for Bitcoin, not the other way round;
2. Bitcoin is sure to go on without the likes of Coinbase;
3. Bitcoin was born a decentralized currency;
4. governments love Blockchain, but hate Bitcoin.
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I have that evil smile when I read this one.
Regulators. What are they regulating? Isn't it obvious that it is all just because of large amount of money. Why now? Because bitcoin is hitting the thousand mark? They didn't even care when it was all down to almost nothing and now they want in. What hypocrites.