When you think about what Bitcoin is, it is no wonder that regulators are struggling to comprehend and then classify and the assign responsibility for this newest of financial innovations. Steeped in fears over mining by North Koreans seeking quick, easy and anonymous weapon cash, illicit drug and gambling transactions, Bitcoin is proving hard to place. So what is it? Well, it bears distinct characteristics of a currency and a commodity, but it also would appear to carry the hallmarks of a prop

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