Sunday, December 7, 2014

Evolution, Not Revolution: How to Sell Bitcoin to Regulators

By  (@amorsexton)

Amor Sexton is a consultant and lawyer at Adroit Lawyers, Australia's first specialist digital currency legal practice. She advises digital currency businesses and has worked with bitcoin industry bodies to clarify the regulatory framework in Australia. 
bitcoin evolution not revolution
In a recent article, Jon Matonis stated that "bitcoin requires forceful and aggressive legal defense, not complicity with governments in crafting policy and regulations".
The current global political climate has resulted in the development of laws that are increasingly pervasive and intrusive on the rights of private individuals. In many countries, forceful and aggressive legal advocacy is necessary to protect civil rights and civil liberties against draconian laws.
However, the bitcoin community is not fighting a battle against law enforcement. Bitcoin is not a revolution against government. It is an evolution of the way we transfer value, an evolution of the concept of money, and an evolution from centralised opacity to decentralised transparency.

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