Regulating Bitcoin to Mitigate Risks of Illicit Financing

Regulating Bitcoin to Mitigate Risks of Illicit Financing

how Bitcoin's trading system could potentially simplify the process for organizing and financing illegal activities worldwide. This concern has prompted some countries to restrict the use of digital currencies like Bitcoin. To address these challenges, the establishment of a central global authority to regulate Bitcoin's use, value, and exchange methods would be essential to help stabilize market prices and mitigate potential adverse effects on the global economy.

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