Via Evander Smart @ Bitconnect.co
[Editors note: The most powerful nations in the world are slowly realising that Bitcoin is more powerful than all of them combined.
In my opinion, the 4 main reasons for nation states not to regulate are the following:
- Risking out on future Industry, Business and Job growth through Regulatory arbitrage.
- Bitcoin could potentially become a strategic asset in the ongoing global currency war.
- Nations are realising more than ever that a politically neutral platform is needed for international settlement.
- For every action there is an equal and opposite reaction and because Bitcoin is a technology that can be incrementally developed, state regulation risk creating a more hostile version of Bitcoin.