States Tiptoe Into Regulating Bitcoin

23rd November 1965: Daniel Americanos and his bride at their reception at Stoke Newington town hall, London. According to Greek tradition guests pin money on to the clothes of the happy couple.23rd November 1965: Daniel Americanos and his bride at their reception at Stoke Newington town hall, London. According to Greek tradition guests pin money on to the clothes of the happy couple.

The world has new ways of thinking about money.

One sign that a new technology has a shot at turning into an industry: when governments start to write rules for it.

North Carolina’s governor just signed into law a new piece of blockchain legislation, updating money transmission rules to clarify which businesses will be regulated in the state and which will not. A blockchain is the kind of distributed, online database that powers bitcoin and and all virtual currencies. Advocates for these technologies point out that blockchains have many non-financial uses (as we have previously reported) that regulators should ignore for now.

Perianne Boring, president of the Chamber of Digital Commerce, said in a statement, “North

Read more ... source: TheBitcoinNews

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