Will increased regulation be enough to encourage more mainstream adoption? Will current users exit given the increased supervision?
Tyler Winklevoss has called 2015 the year of bitcoin infrastructure. With ventures such as the Winklevoss' Gemini exchange and Barry Silbert's FINRA approved Bitcoin Investment Trust, it is clear that additional guidance is on the way.
“We saw a lot of regulation last year,” says Authy’s Palacio. “I think we can see that it’s here to stay. It’s no longer a couple of techies using it.” The great irony of excitement over regulation is that many of bitcoin’s biggest supporters got involved with bitcoin specifically because of its lack of regulation. “We can divide bitcoin people into two camps,” says Melanie Swan, author of the book Blockchain: Blueprint for a New Economy. “One that goes along with the existing system, and wants it to work complimentarily with the existing system, and then the other half is basically religiously opposed and wants to invent a libertarian, regulation-free world.