Coindesk Logo

Bitcoin 2013 video roundup: Bitcoin is the Wild West

Bitcoin 2013 video roundup: Bitcoin is the Wild West

Bitcoin 2013 video roundup: Bitcoin is the Wild West

Video roundup of entrepreneurs, investors and speakers at last week's Bitcoin London conference from CalvinAyre.com.

Video roundup of entrepreneurs, investors and speakers at last week's Bitcoin London conference from CalvinAyre.com.

Video roundup of entrepreneurs, investors and speakers at last week's Bitcoin London conference from CalvinAyre.com.

AccessTimeIconJul 8, 2013, 11:12 AM
Updated Sep 9, 2021, 1:08 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

Excerpt from CalvinAyre.com

At present, the Bitcoin industry is facing the same struggles the online gambling industry faces when it comes to US regulation- it has become a state by state process. Constance Choi, General Counsel of Payward, revealed that she has had conversations with the US Treasury about the tediousness of explaining Bitcoin to all 50 states. Their response? Its up to the industry to survive these barriers of entry. “No special rules are going to be made until we’re big enough to have special rules made for”, she said. According to Choi, the Treasury is not against innovation, but in the meantime we will have to abide by their rules.

Patrick Murck of the Bitcoin Foundation advised that Bitcoin entrepreneurs be wary when entering the US market because they are actually dealing with 49 states as opposed to just one country. As a result of this state-by-state mess, there is a huge opportunity globally for other countries to take the lead. Murck suggested finding “Bitcoin-friendly” countries such as Panama where the barrier to entry isn’t as high. “Later down the line build roads back into the US”, he said.

More videos from the event are available from st-ART's youtube channel.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.