Published on May 29th, 2017 | by bitcoin0
Wrong Time to Control Bitcoin Says the American Institute for Economic Research
The American Institute For Economic Research (AIER) senior research fellow Max Gulker argued in a recent column entitled “Now Is Not the Right Time to Regulate Bitcoin” that it is not a practical approach towards technological innovation to overregulate Bitcoin and digital currencies at the moment.
Bitcoin and other cryptocurrencies such as Ethereum, Ripple, Litecoin, Ethereum Classic and NEM are all at its early stage in development.
Bitcoin is yet to deal with its scaling issues that have substantially increased transaction fees for users.
Hence, at this critical juncture, it would be significantly impractical for governments to step in and overregulate the cryptocurrency sector.
When the technology, market and industry start to evolve, governments can step in to regulate the market for general consumers and investors.