The Special Assistant to the President of the USA and the coordinator of the department of cyber security of the White House Rob Joyce considers that there’s a long way before the U.S. Government begins to regulate bitcoin and other cryptocurrencies. He announced this during the Munich conference on safety which is taking place these days.
According to Joyce before adopting any regulations concerning cryptocurrencies, it is necessary to understand their risks and advantages better.
“I think, all of us are still at a stage of studying and understanding of the bad and good ideas in this area. So I don’t think that in the nearest future something will appear.”
– Joyce commented.
He also has concerns regarding the safety of using bitcoin. If your credit card was stolen, you could go to a bank, cancel the transaction and bring your money back. In case of bitcoin, if something happens, there’s no clear way how to bring everything back.
Earlier the head of the International Monetary Fund (IMF) Christine Lagarde said that the organization tried to interfere with the use of cryptocurrencies for money laundering and financing of terrorism, having added that their regulation at the international level is inevitable.