Bitcoin’s nature makes regulation extremely difficult for international governments. The currency’s resistance to regulation also makes it appealing to people who want freedom from government or central bank control. However, given the rapidly moving growth and emerging uses of Bitcoin, governments will need to take action sooner rather than later, to prevent fraud and protect Bitcoin users.
Oliveira, Ilon, "Bitcoin: Crypto-Currency or Bust" (2014). GGU Law Review Blog. 27.