Bitcoin 2013 video roundup: Bitcoin is the Wild West

Video roundup of entrepreneurs, investors and speakers at last week's Bitcoin London conference from

AccessTimeIconJul 8, 2013 at 11:12 a.m. UTC
Updated Sep 14, 2021 at 2:11 p.m. UTC

Excerpt from

At present, the Bitcoin industry is facing the same struggles the online gambling industry faces when it comes to US regulation- it has become a state by state process. Constance Choi, General Counsel of Payward, revealed that she has had conversations with the US Treasury about the tediousness of explaining Bitcoin to all 50 states. Their response? Its up to the industry to survive these barriers of entry. “No special rules are going to be made until we’re big enough to have special rules made for”, she said. According to Choi, the Treasury is not against innovation, but in the meantime we will have to abide by their rules.

Patrick Murck of the Bitcoin Foundation advised that Bitcoin entrepreneurs be wary when entering the US market because they are actually dealing with 49 states as opposed to just one country. As a result of this state-by-state mess, there is a huge opportunity globally for other countries to take the lead. Murck suggested finding “Bitcoin-friendly” countries such as Panama where the barrier to entry isn’t as high. “Later down the line build roads back into the US”, he said.

More videos from the event are available from st-ART's youtube channel.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


CoinDesk - Unknown
A New Chapter of Web3: Solana Unveils Smartphone ‘Saga’; Moody’s Downgrades Coinbase

The most valuable crypto stories for Friday, June 24, 2022.

CoinDesk - Unknown
CoinDesk - Unknown
How Are Institutions and Companies Investing in Crypto?

From putting bitcoin on their balance sheets to setting up shop in the metaverse, the ways brands and institutions are investing in cryptocurrencies continues to expand.

CoinDesk - Unknown
CoinDesk - Unknown
Consensus 2022: Hollywood, Colleges, Conferences vs. Crypto

The state of crypto and economics live from Consensus 2022 in Austin, Texas.

CoinDesk - Unknown