Bitcoin Regulations Not Welcomed by Everyone in Bitcoin Community

Many states have already implemented or considering the implementation of bitcoin regulations, which some fear will restrict the use of bitcoin among the community. Read more…
There are lots of debates happening in the Bitcoin community. While the most prominent one is on block size, another significant topic is regarding Bitcoin regulations. There are a set of companies and organizations stressing for regulations in the Bitcoin sector , which the opposite camp believes will violate the very principles the digital currency is built on.
These debates get hotter each time a new state in the United States decides to introduce digital currency legislations. For starters, Bitcoin was created as a peer to peer method of transaction, with the main intention of keeping banks, governments, and other third parties from interfering with the financial freedom of individuals. Even the timing of Bitcoin’s introduction coincides with the time when the US banking system was reeling under economic slowdown and barely managing to keep their heads above the water without government’s bailout packages.

This post was published at NewsBTC on 9:30 pm July 17, 201.