In the aftermath of the Paris attack on November 13, the European Union (EU) is looking to crack down on bitcoin with the hope of preventing the financing of future attacks. Regulators and advocacy groups agree, though, that kneejerk regulation is not what is needed; rather, it’s an increase in education.
“There’s nothing wrong with Bitcoin, it just means it’s another part of our financial system,” said Dana Syracuse, managing director and a member in the Anti-Money Laundering (AML) and Regulatory Compliance Practice at K2 Intelligence.
“As time goes on, Bitcoin’s place is going to grow," Syracuse said. "One of the things that I talk about is, if you look at the story of bitcoin and the kind of enforcement and prosecutorial action, it shows the evolution and growth of the space.”
“Bitcoin is not the problem, and further restrictions on it are not the solution. Criminals and terrorists are using all sorts of technology to try to hide their activities over the Internet, but those who turn to bitcoin as part of that effort are making a big mistake,” said Jason Weinstein, director of the Blockchain Alliance.
Regulation is not the problem; it is education
Read full: https://bitcoinmagazine.com/articles/law-enforcement-and-regulators-agree-bitcoin-not-useful-for-terrorists-already-regulated-appropriately-1448316076
“There’s nothing wrong with Bitcoin, it just means it’s another part of our financial system,” said Dana Syracuse, managing director and a member in the Anti-Money Laundering (AML) and Regulatory Compliance Practice at K2 Intelligence.
“As time goes on, Bitcoin’s place is going to grow," Syracuse said. "One of the things that I talk about is, if you look at the story of bitcoin and the kind of enforcement and prosecutorial action, it shows the evolution and growth of the space.”
“Bitcoin is not the problem, and further restrictions on it are not the solution. Criminals and terrorists are using all sorts of technology to try to hide their activities over the Internet, but those who turn to bitcoin as part of that effort are making a big mistake,” said Jason Weinstein, director of the Blockchain Alliance.
Regulation is not the problem; it is education
Read full: https://bitcoinmagazine.com/articles/law-enforcement-and-regulators-agree-bitcoin-not-useful-for-terrorists-already-regulated-appropriately-1448316076
First thing the regulation is the main big problem of bitcoin and then came the education. The regulation don't mean restriction, don't mean knock but mean acceptation in "the society" of the normal money. This acceptation cannot be made if bitcoin will not follow all the rules that follow all the other normal currencies. If will not be accepted bitcoin will remain always an "outlaw" and as such never a normal currency. As for education cannot be made no one education for an "outlaw". The place of an "outlaw" is the "prison". And the prison for bitcoin is the use of it only in the Dark Web or only by terrorists. If not "only" then "mainly". Which is almost the same. Regulation don't take away nothing to bitcoin but give it to much added value (value of every kind). The ignoring of it (the not regulation) leave it as it is actually in most of countries: an unknown clandestine or even if known, without any kind of right. To not tell without future because the leaders of various (important or not) countries are or will be not stupids and (will) understand the importance, the power and the following of it.
