Deloitte has released a new report , ' Regulation at the Stage ' , in which it questions whether it is too early for authorities to regulate Bitcoin and other digital currencies , and that it might be preferable to allow Bitcoin to develop without interference for the time being . Deloitte lists three principal reasons why it ought not to be regulated at this stage . Firstly , that the attention being applied to Bitcoin by regulators currently is not justifyable , given the current scale of adoption of the technology . Secondly , that if attention is applied too severely , the technology may be prevented from being adopted on a mass scale . Read more And thirdly , that the industry should be left to figure out what the best uses of this technology are , and that regulating Bitcoin as it is currently used may prevent this .
Deloitte has released a new report , ' Regulation at the Stage ' , in which it questions whether it is too early for authorities to regulate Bitcoin and other digital currencies , and that it might be preferable to allow Bitcoin to develop without interference for the time being . Deloitte lists three principal reasons why it ought not to be regulated at this stage . Firstly , that the attention being applied to Bitcoin by regulators currently is not justifyable , given the current scale of adoption of the technology . Secondly , that if attention is applied too severely , the technology may be prevented from being adopted on a mass scale . And thirdly , that the industry should be left to figure out what the best uses of this technology are , and that regulating Bitcoin as it is currently used may prevent this .