In a issue of a Paris conflict on Nov 13, a European Union (EU) is looking to crack down on bitcoin with a wish of preventing a financing of destiny attacks. Regulators and advocacy groups agree, though, that kneejerk law is not what is needed; rather, it’s an boost in education.
“There’s zero wrong with Bitcoin, it only means it’s another partial of a financial system,” pronounced Dana Syracuse, handling executive and a member in a Anti-Money Laundering (AML) and Regulatory Compliance Practice during K2 Intelligence, in an speak with Bitcoin Magazine.
K2 Intelligence is an investigative, compliance, and cyber invulnerability services firm. Prior to fasten K2 Intelligence, he worked in a New York State Department of Financial Services and was a author of BitLicense.
“As time goes on, Bitcoin’s place is going to grow,” Syracuse said. “One of a things that we speak about is, if we demeanour during a story of bitcoin and a kind of coercion and prosecutorial action, it shows a expansion and expansion of a space.”