Bitcoin, cryptocurrencies and regulation
Consumers, advisers and compliance people are still showing enormous interest in cryptocurrencies (as an alternative or speculative investment) but the future regulation we anticipated now seems to be imminent.
For accessible views on this topic we'd direct your attention to "Should governments control bitcoin" and "What to Expect When CFTC, SEC Chiefs Talk Crypto With Congress". While the Australian position has yet to be clarified, in the US at least, there seems to be a rapidly emerging realisation that
Disruption, digitisation and disjointed regulation
We're interested in cryptocurrencies, but we think it's important that compliance staff don't get so distracted by bitcoin volatility that they lose sight of the broader issues of disruption, digitalisation and disjointed regulation. We'd recommend anyone interested in remaining informed and relevant read Thomson Reuters' Special Report on the state of Regulatory Reform.
A retrospective view of required regulation
For those of you who are historically minded, we'd recommend Ed Howden's 2015 article "The Crypto-Currency Conundrum: Regulating an Uncertain Future".
Don't let the title put you off (it was originally published in the Emory International Law Review) because it's a thorough, accessible and well-researched piece about Bitcoin and the 'need' for cryptocurrencies.
The last word on cryptocurrencies should go, appropriately enough, to someone with more than a passing interest in the topic.
Whatever his motivation, I think Buterin's warning should be formally acknowledged by anyone advised to invest in these assets. As a mandated disclosure, it would likely do little to dampen the popular interest in cryptocurrencies but it may, at least, prepare investors for the inevitable consequences of speculative investing.