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Gold-Standard Rules Sought by Billion-Euro Bitcoin Broker

  • Bitcoin and gold prices seen converging as interest rates rise
  • Regulators say cryptocurrency rules could draw on gold trade
Bitcoin Claws Its Way Back
Photographer: Luke MacGregor/Bloomberg
Updated on

Bitcoin should be regulated similar to gold -- which benefits from simpler compliance rules than stocks or bonds -- according to Austria’s biggest broker of the digital token.

While cryptocurrency transactions in the European Union above 10,000 euros ($12,310) should be subject to anti-money laundering rules, applying more onerous financial standards could stunt the emerging market for digital cash, the founders of Bitpanda GmbH said.