The Latest in IT Security

Bitcoin pioneer calls for regulatory guidance from EU

04
Jul
2014

By Julia Fioretti BRUSSELS (Reuters) – Europe should update its laws to reflect the rise of digital currencies, the head of a bitcoin start-up said, after a successful U.S. auction of bitcoins was seen as a sign of their broadening appeal. One of the challenges is that without clear guidance from the EU, from the UK, it will limit industry development, said Jeremy Allaire, head of Circle, a bitcoin consumer finance company that allows people to use and store bitcoins online. Last October U.S. authorities seized 144,000 bitcoins online in a raid on Silk Road, an Internet black-market bazaar that authorities said had been used for illegal drug transactions. Bitcoin supporters maintain that digital currencies are set to expand further and that as they become more mainstream the price volatility and scams that have so far bedevilled them will decrease.

Comments are closed.

Categories

WEDNESDAY, DECEMBER 01, 2021
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments