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Time To Regulate Bitcoin, Says UK Treasury Committee Report - Slashdot


What *exactly* are they proposing? They listed some issues with bitcoin that come with pretty much any other kind of investment, but investors aren't protected from, such as loosing all of your principal, forgetting passwords, and getting hacked.

These all happen to current traditional investors with current regulation. What exactly are they proposing to prevent this from happening with Bitcoin?

I think it's more trying to sound "in the now" than actually proposing any real legislation. What can they do?

Public Education programs. Regulate advertising for bitcoin. They could try banning access to exchanges. Try taxing gains or taxing miners. They could make commercial sites not able to accept the coin, or give information about the person providing the coins.

It's very difficult to know how successful they'd be with any of those options. You'd need a concentrated international effort if you REA

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