Not the Right Time to Regulate Bitcoin: American Institute For Economic Research
The American Institute For Economic Research (AIER) senior research fellow Max Gulker argued in a recent column entitled “Now Is Not the Right Time to Regulate Bitcoin” that it is not a practical approach towards technological innovation to overregulate Bitcoin and digital currencies at the moment.
Bitcoin and other cryptocurrencies such as Ethereum, Ripple, Litecoin, Ethereum Classic and NEM are all at its early stage in development. Bitcoin is yet to deal with its scaling issues that have substantially increased transaction fees for users.
Read more here: https://cointelegraph.com/news/not-the-right-time-to-regulate-bitcoin-american-institute-for-economic-research
So true. Right now cryptos need time to grow into the world's economys and industries.
The regulatory bodies owe nothing to cryptocurrency. The promise of the blockchain is a whole other conversation, centered around a decentralized/distributed ledger. Competing stores of value outside central control should put them all on red alert. Curious to hear what the bank lobby is saying about crypto.