Bitcoin Must Abandon Its Roots To Go Mainstream

Law360, New York (January 30, 2014, 6:00 PM EST) -- Bitcoin may be designed to avoid the intrusive reach of government regulation and to preserve privacy, but in order to make the virtual currency widely accepted its backers are going to have to abandon some of that philosophy and accept government supervision, experts say.

Bitcoin has drawn scrutiny from law enforcement agencies around the world who see its anonymity and ease of use as a magnet for criminals looking to hide illegal activity. With that scrutiny have come several high-profile arrests and guilty pleas, and a...
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