US regulators 'hostile' to digital currencies


Regulators in the US have adopted an unfavourable position towards digital currencies, such as Bitcoin, industry experts have warned.

Stewart Plant, a partner who leads the litigation and regulatory group at law firm DLA Piper in Manchester, UK, says the US approach has been less welcoming than in the EU.

"In the US there has been quite a hostile position adopted by regulators, particularly from the anti-money laundering perspective," he says. "None of the European regulators have taken a very

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