Bitcoin Regulation Quotes

Every investor around the world wants to invest in U.S. markets because they're regulated and they're licensed. They're trustworthy; they have confidence. If you take that away, the global economy will take a hit like nothing else. We want to create that for Bitcoin.

Though I don't personally believe that Bitcoin is true money, it should be perfectly legal, and there should be no restrictions on it; there should be no taxes on it.

What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear bitcoin along with other products in the same trading house.

Setting regulatory certainty is very important for bitcoin. I'm opposed to the regulations, but the bitcoin businesses need to know the rules of the game in order to move ahead.

In our early experiences with bitcoin, we found how few people were building bitcoin exchanges the right way. They really weren't taking the regulation seriously; they were taking it too much like how you would approach something when you're 18, full of the excitement of youth and throwing caution to the wind.

If the U.S. government tries to restrict or clamp down, that just means there will be many more bitcoin businesses in Hong Kong and Singapore, and all those Americans will miss out on all the opportunities.

We will never hear about people's Bitcoin accounts being frozen or seized by a government agency.

Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted.

The Dwolla incident was to be expected. The government will go after sites that it thinks are supposed to register as money transmitters. Some Bitcoin companies will register as such, and some won't, but business will carry on regardless.

I think it's going to end up a lot like the Internet. Some countries try to regulate the Internet - bitcoin will be very much like that. It will be legal, and there will be some countries with currency control.

The hardest obstacles for Bitcoin companies are banking and regulation.