New York lawmakers bite hard on Bitcoin: why that’s good for investors

bros

In two days of hearings, New York regulators sought to learn the fundamentals of the Bitcoin system. Experts say regulation would bestow legitimacy on the virtual currency.

Early Bitcoin investor Cameron Winklevoss, who testified at the hearings, expressed confidence that regulation of virtual currency is not incompatible with further growth of the crypto currency world.

“I’m just glad we’re doing this because I think that New York has the ability to set the tone, not only for the state, and the US, but being a financial center of the world, I think a lot of people are going to sort of have eyes on New York and watch what New York does,” Mr. Winklevoss said.

“So I think there is a huge opportunity to set the right tone,” he continued. “The Bitcoin idea is freedom, it’s very American. It challenges the duopolistic forces, and that’s very healthy. I think this is what we should all be striving for.”

Read the full article in Christian Science Monitor here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s