Virtual Currencies Draw Fresh Regulator Scrutiny - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Government // Leadership

Virtual Currencies Draw Fresh Regulator Scrutiny

Federal regulators are paying more attention to the growing use of bitcoin and other virtual online currencies. The GAO calls for more consumer protections.

Comment  | 
Print  | 
Comments
Newest First  |  Oldest First  |  Threaded View
greglab
50%
50%
greglab,
User Rank: Apprentice
7/27/2014 | 1:00:05 PM
A new way into Crypto Coins like Auroracoin.
We did something similar to Auroracoin at www.gcoin.us except we're distributing the crypto coins to users of our games instead of persons of a county. We felt there would be too many people in a country that would hold no interest. We also thought that if people had to earn the crypto coins instead of getting them they would have a direct relationship and an interest. It is still similar in so far as it's an extra way in to crypto coins for those without tech know how and money.
danielcawrey
50%
50%
danielcawrey,
User Rank: Ninja
7/2/2014 | 2:44:33 PM
Money as software
I think that it is difficult for regulators to fully understand the long-term implications of programmable money. As such, a wait-and-see type of approach to this is needed.

Regulators are paying attention to the positives and the negatives. While virtual currencies offer enormous upside, there are consumer protections to keep in mind with this new technology. 
Commentary
Get Your Enterprise Ready for 5G
Mary E. Shacklett, Mary E. Shacklett,  1/14/2020
Commentary
Modern App Dev: An Enterprise Guide
Cathleen Gagne, Managing Editor, InformationWeek,  1/5/2020
Slideshows
9 Ways to Improve IT and Operational Efficiencies in 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  1/2/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Slideshows
Flash Poll