Jerry Brito on Whether Bitcoin Should Cooperate with Government Regulators


Credit: zcopley / / CC BY-SA

As 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?