10 years ago
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Nine state regulators form Emerging Payments Task Force to study Bitcoin
Bitcoin may be thriving as a relatively unregulated currency, but governments are beginning to pay it more heed as it grows in popularity. On Thursday, a group of nine state regulators formed the Emerging Payments task force; it is charged with studying virtual currencies and learning "how new entrants and technologies affect the stability of payment systems and the broader financial marketplace."
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I think it's funny how there's this arbitrary line between "virtual currency" and traditional money. We've been using virtual currency for decades. Only 8% of the world's currency exists as physical money.
Bitcoin is certainly unique, but being digital is not what makes it special. It's the nature of Bitcoin transactions and generation.