Digital Currency is a huge opportunity that can greatly benefit the public and businesses alike: it should not be subjected to legislation aimed to protect the status quo of the financial sector or government.
Digital Currency is in its infancy. Governments at all levels are struggling to understand it, deal with it, and regulate it. In a lot of cases, financial institutions such as banks, view it as a threat. Some governments view it as a threat, most want to regulate it. Some banking and financial institution parties are being instrumental in drafting legislation regulating digital currency that is skewed to favor their interest, not the interest of the public (Conflict of Interest). The public for the most part is unaware of what it is, how it works, and the looming regulations that seek to cripple it.
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What is Crypto, Digital Currency, Bitcoin, and the Blockchain?
