U.S. watchdog eyes regulation for digital currency Bitcoin

good or bad? not sure what I think about this…Thanks to Financial Post Blog…

Financial Post | Business

WASHINGTON — The top U.S. derivatives regulator is considering whether the Bitcoin virtual currency should be subject to its rules, a top official at the agency said.

Bart Chilton, one of five commissioners at the Commodity Futures Trading Commission, said he had asked staff to explore whether consumers needed more protection from any mishaps with Bitcoin, whose value collapsed last month.

“Here’s what I know for sure: we could regulate it if we wanted. That is very clear,” Chilton told Reuters in an interview on Monday. The Financial Times was first to report on Chilton’s plans.

Bitcoin, a digital currency that can be moved via computer or smartphone without a financial intermediary, has gained in prominence as people start to question the safety of holding their cash in the bank. It shot up in value in March, when investors took fright at the next turn of the eurozone debt crisis.

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