Is It Time to Regulate Bitcoin?

As the digital currency grows in size, it will be hard for regulators to resist the urge to step in

Bitcoin has been the ideal proving ground for investment’s most powerful advice: caveat emptor, buyer beware.

Individuals who lose money day trading a cryptocurrency hyped as a way to avoid central bank meddling can hardly expect to appeal to governing institutions when things go wrong. Watchdogs have intervened occasionally to restrict money laundering. But financial regulators have mostly steered clear.

Regulators...

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