Saturday, February 22, 2014

Nine state regulators form Emerging Payments Task Force to study Bitcoin


Bitcoin may be thriving as a relatively unregulated currency, but governments are beginning to pay it more heed as it grows in popularity. On Thursday, a group of nine state regulators formed the Emerging Payments task force; it is charged with studying virtual currencies and learning "how new entrants and technologies affect the stability of payment systems and the broader financial marketplace." Thus far, the move has been met with support — The Hill reports that Senator Tom Carper (D-DE) called the task force an "important step" toward protecting existing financial institutions from unregulated currencies.


"As virtual currencies, like Bitcoin, and similar technologies continue to be increasingly utilized, we have to ensure that...


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