White House Cybersecurity Coordinator Says Bitcoin Regulation Not Imminent

According to the White House cybersecurity coordinator Rob Joyce, the US government isn’t anywhere close to regulating cryptocurrencies. Speaking in Munich, Joyce referenced some of the oft-cited concerns about Bitcoin, including its potential use for illegal activities and the impossibility of doing chargebacks. However, he pointed out that regulation won’t be possible until the government understands “what the good ideas and bad ideas in that space are.”