Bitcoin Trading Thrives Wherever Regulators Crack Down Most
- Peer-to-peer trading growth in developing world outpaced U.S.
- Central banks have been warning of risks of virtual currencies
Bitcoin Fever Goes Global, Especially in Sweden
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Bitcoin trading expanded faster this year in emerging markets than developed ones -- and quickest of all in places where authorities tried to crack down. Somewhere, Satoshi Nakamoto is smiling.
After all, avoiding bank and government oversight, and sidestepping the eroding effects of inflation, was what Nakamoto had in mind when he (or she, or they) created bitcoin in 2008.