Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 10-day trial to continue exploring with full access.

Would regulating cryptocurrencies be a blessing in disguise?

Bill Coffin | July 31, 2017

Nearly 20 years ago, science fiction author Neal Stephenson published a short story in Time called “The Great Simoleon Caper,” in which a mathematician gets caught up in a plot both to manipulate the results of a contest meant to promote a new, nongovernmental, electronic currency…as well as foil the attempts by the government to discredit e-money in general. The result is the kind of tale that does what science fiction does best: predicting the future well before regular folks can even imagine it. When it was written, “The Great Simoleon Caper” was pretty far out there, trading on concepts like untraceable electronic currency and distributed political systems. But now, cryptocurrency isn’t just something we read about in tech journals. It is, at the very least, a robust investment platform if not yet a fully accepted method of currency for everyday purchases.... To get the full story, subscribe now.