Sweden Riksbank Governor: Bitcoin Unlikely To Dodge Regulation For Long

The growing popularity of Bitcoin has led the governor of Sweden’s central bank to state that the peer-to-peer digital cash system is unlikely to continue escaping regulatory oversight, reported Bloomberg.

“When something gets big enough, things like consumer interests and money laundering come into play,” Riksbank Governor Stefan Ingves told Bloomberg on Monday. “So there’s good reason to believe that [regulation] will happen.”

The form such regulation will take is unclear. However, Sweden’s financial markets minister Asa Lindhagen also joined the conversation, pointing out that the government is in the process of tightening standards for bitcoin and other cryptocurrencies exchanges –– which she called a “work in progress at the international level,” according to Bloomberg.



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