Indeed, getting the bitcoin community to agree what regulation is welcome will likely be a challenge all in itself.
New reports suggest HMRC will formally remove VAT on bitcoin trading in the UK this week.
The UK's Financial Services Compensation Scheme has warned it won't compensate lost digital currencies such as bitcoin and litecoin.
The UK authority is likely to reclassify bitcoin as a 'private currency' and thus significantly reduce its tax liability.
HM Revenue and Customs has backtracked on its previous classification of bitcoin as a taxable 'voucher'.
Bittylicious, a UK platform that supplies buyers with bitcoins at a premium price, will sell feathercoins in December.
Vikings and core bitcoin code nurturing - John Law looks at the week's events in the cryptocurrency world.
Bitcoin exchanges operating in the UK do not have to register with HM Revenue & Customs under money laundering regulations.
Police officers, spies and tax collectors from Her Majesty's Revenue and Customs met in London yesterday to discuss approaches to alternative…