Capitol

Regulators See Value in Bitcoin

(MIT Technology Review) Tuesday’s wild fluctuation in the value of a bitcoin might be the next hurdle for the crypto-currency. For now, as the MIT Technology Review finds in its review of Monday’s congressional hearing: “Instead of focusing on the potential threat posed by digital currencies such as Bitcoin, the emphasis at the hearing was more on Bitcoin’s promise.”

“Remarkably, everyone who testified shared his vision to varying degrees. Even the Secret Service’s Edward Lowery and Ernie Allen, president of the International Centre for Missing and Exploited Children, two of the more critical voices in the hearing, emphasized the potential of digital currencies, especially in the developing world. Allen said there was ‘broad-based agreement on its potential for social good.’”