The US government won't be passing Bitcoin regulations anytime soon, at least according to one White House official.
Rob Joyce, special assistant to the president and White House cybersecurity coordinator, stated during an interview with CNBC that although the government is concerned about Bitcoin and other public cryptocurrencies, officials are still a long way from developing an official regulatory framework.
"I think we're still absolutely studying and understanding what the good ideas and bad ideas in that space are," he said of cryptocurrency regulation. "So, I don't think it's close."
Joyce, who spent 27 years at the National Security Agency (NSA), said that the White House is most concerned about the ability of criminals to use cryptocurrency to subvert anti-money laundering policies in place at traditional financial institutions.