REGULATORS START TO DEVELOP COMPREHENSIVE CONTROLS FOR VIRTUAL CURRENCIES
April 1st, 2017
With the value of Bitcoin skyrocketing over the past year, up from USD525 per Bitcoin last August to USD1,200 in mid-April, with one unit now being able to buy an ounce of gold, finding ways to efficiently regulate decentralised and independent virtual currencies (VCs) has become a top priority among governments and regulators worldwide.
In the past two years, increased regulation and prudential supervision of the VC environment in the USA and several other countries has granted further legitimacy to the more popular – and increasingly mainstream - digital ...
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