{"id":4569,"date":"2013-11-19T20:54:00","date_gmt":"2013-11-19T20:54:00","guid":{"rendered":"https:\/\/evssolutions.com\/authorities-analyze-the-value-of-bitcoin\/"},"modified":"2013-11-19T20:54:00","modified_gmt":"2013-11-19T20:54:00","slug":"authorities-analyze-the-value-of-bitcoin","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/authorities-analyze-the-value-of-bitcoin\/","title":{"rendered":"Authorities Analyze the Value of Bitcoin"},"content":{"rendered":"

Known to fuel transactions on Internet black markets, Bitcoin<\/a> has the potential to open the digital
\neconomy to poor societies around the world. Not only has its value climbed to
\nall-time highs in recent weeks, but also Bitcoin has caught the U.S. governments
\nattention. Weve seen the steady growth and popularity of this digital currency
\nsince it debuted in 2009. Recent events, such as the FBIs closure of Silk Road<\/a>, have
\nbrought Bitcoin into the spotlight.<\/p>\n

The closure of Silk Road is said to be a major contributor in
\nthe surge of its value. Its boosted hopes that Bitcoin is quickly becoming a
\ncredible currency alternative. Another reason could be increased awareness
\nGlobally and individuals investing in them. The U.S. Senate Committee on
\nHomeland Security and Governmental Affairs are trying to figure out how to
\nhandle Bitcoin while privacy advocates want Bitcoin to be free from
\ngovernmental oversight. Advocates are saying that Bitcoin can provide a global
\ntransaction network that cannot be corrupted or abused by criminals.<\/p>\n

Recently, the New York State Department of Financial
\nServices decided to consider whether or not they should issue a certification
\ncalled BitLicense to help manage the spread of online currencies like
\nBitcoin. This license would require consumer
\nprotection services<\/a> and anti-money laundering requirements, designed to
\nmake the currency less useful to fraudsters. Of course, many worry that the
\nintroduction of regulations could make the currency less appealing, causing its
\nvalue to decline.<\/p>\n

As more consumers begin to understand Bitcoin and see its
\npotential in the future, theyll want to be a part of it. Once a decision has
\nbeen made, sophisticated fraud prevention
\ntools<\/a> can help regulate transactions and assist in monitoring fraudulent
\nactivity. It would be easier to fight crime with appropriate anti-money
\nlaundering and Know-Your-Customer controls.<\/p>\n<\/p>\n

[Contributed by EVS Marketing]<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Known to fuel transactions on Internet black markets, Bitcoin has the potential to open the digital economy to poor societies around the world. Not only has its value climbed to all time highs in recent weeks, but also Bitcoin has<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[38],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4569"}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4569"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4569\/revisions"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}