Today's Hard|Forum Post
Today's Hard|Forum Post

Sunday August 26, 2012

Why Bitcoin Lives in a "Legal Gray Area"

As Bitcoins make a slow recovery and beginning to grow a constituency, the ‘crypto currency’ is beginning to draw the attention of governments fearful of its use as an illegal medium for money laundering or worse.

Nothing like Bitcoin existed when current laws were written. A wide variety of laws regulates banks, money transmitters, currencies, and securitiesآ—but none of these categories are a good fit for Bitcoins