Bitcoin the ‘Digital Gold’ and its Regulatory Challenges

Year 2018
Author Kombe Kaponda
Link View Research Paper

Bitcoin / Cryptocurrencies / Society

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.