Bitcoin the 'Digital Gold' and its Regulatory Challenges
4 Pages Posted: 12 Mar 2019
Date Written: February 14, 2018
Bitcoin is indeed the “Digital Gold” and regulators all over the world have begun to address the challenges presented by virtual currencies that mostly bypass regulated banks, financial firms, exchanges and central clearing houses. Digital currencies, token sales and blockchain initiatives of all types have ignited a global phenomenon unlike anything seen before. As the technology underpinning these developments disrupts products and services in nearly every industry, law makers, regulators and law enforcement are scrambling to keep abreast.
Keywords: Bitcoin, BTC, XBT, Digital Gold, Hot Wallet, Cold Wallet, Regulation, Crypto Currencies, Challenges, Virtual Currencies, Banks, Financial Firms, Exchanges, Clearing Houses, Digital Currencies, Blockchain, Minners
JEL Classification: G00, G39
Suggested Citation: Suggested Citation