Bitcoin Law

 

 You have no doubt heard about the ups and downs of the virtual currency Bitcoin for the last year or so.   No surprise, then, that there is a developing body of  "Bitcoin Law".

Some notable "Bitcoin Laws":

• the Consumer Financial Protection Bureau issued a consumer advisory in August 2014 
•  the IRS determined that Bitcoin should be treated as  property for tax purposes - see IRS Notice 2014-21
•  New York State Dept. of Financial Services has issued proposed regulations of virtual currencies
• United States v. Ulbricht, No. 14-cr-68 (KBF) (S.D.N.Y. July 9 2014) - federal district court determined BitCoin is subject to money laundering statutes

• 
  

For additional information and analysis, see:
- "Bitcoin and Virtual Currency Regulation",  Sept. 4, 2014 New York Law Journal ( on Lexis). 

- "Court Addresses Bitcoin Other Novel Online Technology Issues", Aug, 19, 2014 NYLJ (on Lexis)


Ernster, the Virtual Library Cat