US regulations are hampering Bitcoin's growth

Many countries are putting out the welcome mat for Bitcoin. If the US doesn't change its approach, Bitcoin will go elsewhere

If the United States does not foster a reasonable regulatory environment for Bitcoin, the country might soon lose its head start in what could be the next great technological revolution. That's the message policymakers should hear today and tomorrow when the US Senate holds hearings on the virtual currency.

Even more important than losing market share, the United States may also be losing mindshare. The Bitcoin Foundation is reportedly considering moving its headquarters overseas, and citing regulatory concerns, startups are beginning to avoid the United States.

Read the full article here:

http://www.theguardian.com/commentisfree/2013/nov/18/bitcoin-senate-hearings-regulation