Prosecutors testify for more regulation of Bitcoin

From the NYTimes DealBook:

“Mr. Lawsky has indicated that Bitcoin is becoming popular enough that regulators need to create regulations that can encourage its growth but limit illegal activity. The price of an individual Bitcoin has risen more than 5,000 percent over the last year, but there has also been a growing list of serious crimes committed in the Bitcoin network, which government officials have struggled to clamp down on.”

Law Enforcement Strikes Back in Bitcoin Hearing