Bitcoin's Regulatory Parade: Justified or Fiasco?

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Joram Borenstein, Nice Actimize

The SEC recently ruled Bitcoin could be considered a currency for any eventual Ponzi scheme investigation; Bloomberg is quietly testing a Bitcoin price ticker; and earlier this week, the DFS announced through a memorandum the launch of a wider inquiry into the operating controls used by the several dozen startups often referred to as the 'Bitcoin community'.

Wishful Thinking

Until earlier this year virtual currencies have operated with very little publicity—some of the technology is still being

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