April was a slow month for the development and advancement of Bitcoin regulation across the globe. In Europe, regulators seemed to favor a more cautious approach when it came to exploring and crafting potential regulation, while Australian regulatory bodies weighed the costs and benefits of coming up with a comprehensive regulatory plan.
Read moreThe Reserve Bank of Australia welcomes Bitcoin as part of Australia's financial landscape, but sees no need to introduce regulation
Read moreExploring and understanding the uses of digital currency was a key theme around the globe in March. Finding ways to fit digital currency under the umbrella of existing laws and regulations, particularly with respect to anti-money laundering efforts, was also a major push seen in several countries.
Read moreNew York State's Superintendent of Financial Services Benjamin Lawsky has publicly stated that Bitcoin technology developers are free to conduct their business without a license, whereas banks and dealers will require regulation. With technological development at the heart of Bitcoin's future, New York's acceptance as a mainstream activity could lead to rapid growth and investment
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