Jerry Brito on Whether Bitcoin Should Cooperate with Government Regulators

Credit: zcopley / Foter.com / CC BY-SACredit: zcopley / Foter.com / CC BY-SAAs the digital currency Bitcoin continues to grow and evolve, writes Jerry Brito, regulators are taking notice. From anti-money-laundering rules issued by the Treasury Department in March, to reports that the Commodities Futures Trading Commission is “seriously” examining the currency, to a recent Government Accountability Office recommendation that the IRS issue guidance on Bitcoin-related income reporting, government seems to be getting serious. The question for the largely libertarian Bitcoin community is, should it engage those regulators or ignore them?

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