Published on September 6th, 2015 | by bitcoin0
The future of Bitcoin lies in Europe. Here’s why.
Clear and progressive legislative guidance will give aspiring bitcoin entrepreneurs the confidence they need to find new use cases and bring bitcoin to the masses.
The result has been 22 applications (confirmed so far) and 15 bitcoin companies ceasing their operations in New York State.
Why bitcoin needs progressive legislation
A recent article on CoinDesk by Jean-Louis Schlitz described Luxembourg’s approach to bitcoin legislation.
Luxembourg is by no means alone in Europe for providing actionable legislative frameworks for bitcoin companies.
As Bitstamp’s Kaja Ribnikar said, regulators in Europe have realised that clamping down on bitcoin would mean “killing a very powerful and productive ecosystem”.