Bitcoin Does Not Need Regulation
A specialized group of experts at the Central Bank of Finland considered bitcoin to be a "revolutionary financial system". They specifically underlined that this system is self-regulatory, safe and does not require additional regulation by the states.
Economists are of the opinion that the protocol itself at the base of bitcoin provides protection from manipulations and sifting unreliable players from the market. It is this protocol that has convinced the scientists that no regulators are needed because they do not make any sense.
The publication notes that the position of the scientists is not the official position of the bank. But the mere fact that the Central Bank of Finland participates and initiates such research suggests that it is open to these technologies and actively researches and studies them. Last year, the bank organized a course for regulators, financial companies and economic experts. A 2.4 million euro delivery system based on a block was then tested.
Scientists say economists from all over the world have to study this "wonderful structure."
In fact, economists from different countries are doing exactly that. More and more countries are defining their attitudes towards the digital currency. In Japan, for example, bitcoin is considered to be standard means of payment, and China's primary supply of digital money is already banned.
Bitcoin doesnt need regulation but the bankers do....they want it under their control so they send their government puppets in to do exactly that.
Unfortunately for them, this thing might be the agent that wipes a large part of the banking industry away. Finland is right, it is revolutionairy.
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Bitcoin has all the regulation it needs.... in the code.
The only regulating going on is about those pesky things called 'humans'. Can't let them play with freedom (eehm fire) without oversight.