Regulating Bitcoin Legitimizes a Treacherous Business

At a time when “cyber security” has become an oxymoron, why is our government joining with Wall Street to greenlight Bitcoin? These are the same financial officials, after all, who have struggled historically to oversee savings and loans -- shifting to virtual currencies is like jumping from Beatrix Potter to James Joyce in one semester. In 2013, the Financial Crimes Enforcement Network, a branch of the Treasury Department, ruled that virtual currencies must register with the US government a