Jon Matonis warns that government could regulate themselves out of business opportunities

Regulation | June 11, 2015 By:

Bitcoin Foundation director, Jon Matonis, has cautioned governments and regulators around the world to avoid unnecessary rules on Bitcoin.

“If governments and regulators aren’t careful, they are going to regulate themselves out of business opportunities,” said Matonis.

Matonis added that these could push Bitcoin companies to countries and jurisdictions that are less prohibitive such as Luxembourg and the Isle of Man.

This was a response to the release of New York’s final BitLicense as well as the concerns raised by Martin Cocker, the executive director of a New Zealand cyber-safety organization NetSafe. Mr. Cocker has been quoted saying he personally would not be sad to see Bitcoin dead.