This blog will discuss major legal issues and developments in the world of Bitcoin.
There is a dearth of legal analysis about issues surrounding BitCoin. With the recent volatility and explosion in price of Bitcoins, it’s clear that this has turned from more than a hobby into a real currency market — with all the warts that accompany the transition from a hobby to a commodity.
One of the few legal articles devoted exclusively to the issue of Bitcoin is available here. This article addresses a wide range of issues including the technological background of Bitcoin, legality, and briefly, the treatment of Bitcoin as a security that may be regulated by the SEC. Given that markets and exchanges actually exist, the SEC may well be looking to start regulating.