Bitcoin unlikely to dodge regulation for long, Sweden says

Bitcoin and other cryptocurrencies are unlikely to escape regulatory oversight as supervisory authorities respond to the sheer popularity of the phenomenon, according to the governor of Sweden's central bank.
Photo: Dado Ruvic/REUTERS / X02714
Photo: Dado Ruvic/REUTERS / X02714
By Niclas Rolander and Hanna Hoikkala/ Bloomberg

Though monetary policy officials have voiced near universal skepticism toward Bitcoin and its rivals, cryptocurrencies have continued to build an enthusiastic following. That's prompted some of the biggest names in finance to move in, as Wall Street banks such as Goldman Sachs Group to offer trading services tied to crypto.

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