Former US Department of Treasury Secretary and advisor to President Barack Obama Lawrence Summers has argued that, in order for bitcoin succeed, the technology and those who support it will need to embrace regulation.
Summers’ latest comments came on 11th February at the Museum of American Finance (MOAF) during an event entitled “Bitcoin and the Future of Payments Technology”. The conversation was moderated by Wall Street Journal senior columnist Michael Casey and sponsored by investment company Voya Financial.
During the event, Summers voiced his opinion that bitcoin needs greater regulation if it is ever to achieve mainstream adoption, according to a report by The New York Times.
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