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Is it time to start regulating cryptocurrencies?

Daily transactions add up to $7bn, and Bitcoin is increasingly being used as a recourse in times of political and economic turmoil. Is it time for governments to take action?

By Chris Carter  

What are Bitcoin—and is it time for governments to step in and regulate them?

Bitcoin has had a spectacular run in recent years. Appearing in a far-flung corner of the world wide web eight years ago, the currency’s rise has been meteoric. Bitcoin is the online currency that can be sent and received by anyone in the world, with computers controlling its transfer and creation securely without need for human intervention. The ecosystem of wallets and exchanges the currency is bought and traded on have creaked under the weight of…

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