Bitcoin in the Headlines: UK Regulation Trumps Dark Market Collapse

Bitcoin in the Headlines is a weekly look at global bitcoin news, analysing media coverage and its impact.


The UK Treasury set the tone for a positive, if quiet, bitcoin news cycle this week with the publication of a lengthy report that promised the industry will soon be regulated domestically.

As the UK-based bitcoin community revelled in the news, others were left reeling at the sudden dissolution of a black market that seems to have sent the price of bitcoin into a tailspin.

Once again we will bear witness to the good, the bad and the ugly as we take a look at this week’s top headlines from across the globe.

The UK’s big moment

The normally quiet UK bitcoin ecosystem was thrust into the spotlight this week after the Treasury published proposed regulation for the nascent sector, which included anti-money laundering (AML) rules.

The global ecosystem has long been plagued with a level of uncertainty, with entrepreneurs reporting that the lack of existing regulation has made it difficult for them to do business and hampered the possibility of securing banking relationships, the latter of which has proved especially problematic in the UK.

Although the specifics of the Treasury’s Read more ... source: CoinDesk