Is The P2P Era For Cryptocurrency Exchange Coming To An End? (Op-Ed)

As the digital currency sector faces increasing scrutiny from law enforcement and regulatory authorities, are the days of peer-to-peer services numbered?
The enthusiasts that have driven the development of digital currencies such as Bitcoin over the years often did so without the support of commercial solutions to the problems and needs of the community. As more and more companies have entered the digital currency space however, the requirements of those who want to spend, send, or save cryptocurrencies are increasingly well served by these professional offerings.
A trend developing in the digital currency sector therefore is the possibility that the peer-to-peer platforms and systems that have helped grow digital currencies to this point may now be starting to die away, as the slicker – and more rounded – commercial start-ups move in.
The inescapable financial nature of Bitcoin transactions means that issues such as security, compliance with regulations, and reliability, are at the front of many users’ minds. Back in February of this year CoinTelegraph reported about the growing number of scams and money laundering accusations surfacing around the popular LocalBitcoins exchange platform.

This post was published at Coin Telegraph on 2015-05-07.