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Bitcoin needs regulatory framework to change ‘risky’ image

13
May
2014

By Clare Hutchison LONDON (Reuters) – Regulators should create a framework of rules to help to make virtual currencies such as bitcoin more attractive to ordinary consumers, a lawyer from the Bitcoin Foundation said on Tuesday. Patrick Murck, general counsel at the Bitcoin Foundation, said cooperation was needed between authorities to create rules that would support those using the digital currency responsibly. The Bitcoin Foundation aims to standardise the currency, protect it from theft or counterfeiting and provide education. Some companies involved in bitcoin, including investment firms and those providing services for the currencys users, have also called for regulation to ensure their customers feel more comfortable about virtual money.

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