Member of European Parliament Antanas Gouga on Bitcoin

Antanas Gouga is elected from Lithuania and has founded multiple companies. He appeals to his colleagues to learn more about Bitcoin (always a good idea). He also notes that Bitcoin is still very small, so there is no urgent need for regulation right now, a good point I agree with.

Another point I just made in a paper published in Japan (in Japanese language) is: Bitcoin is, in contrast to cash and gold, completely traceable. If you want to prohibit Bitcoin because of money language concerns, you would need to eliminate cash and gold first, or find some valid reason why Bitcoin should go first while posing actually less money laundering risks than these assets.

 

Published by kflenz

Professor at Aoyama Gakuin University, Tokyo. Author of Lenz Blog (since 2003, lenzblog.com).

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