One side contends that Bitcoin was meant not to be regulated. The other side wants to work alongside regulators to bring about mass adoption of the digital currency.

Currently, it is very easy for a wallet manufacturer to make claims about privacy that cannot be easily checked by the average user. Recent scams and fraudulent players in a rapidly growing industry have prompted both sides to reach a consensus; the industry needs a watchdog to protect consumers.

Enter the Watchmen

Last March Bitcoin Magazine covered C4's announcement of a new Crypto Security Steering Committee consisting of notable security and crypto players in the space.

Andreas M. Antonopoulos has officially joined C4's board of directors. Mike Belshe of BitGo, Eric Lombrozo of Ciphrex, Joshua McDougall and Michael Perklin of C4, Sean Neville of Circle and John Velissarios of Armory Enterprise have agreed to form the steering committee for C4's CryptoCurrency Security Standard (CCSS).