Sunday, February 16, 2014

Bitcoin: Boon or Bust?

Some of you may remember when many European countries adopted the Euro as their currency, dropping the French franc, the Deutsche Mark , and the Italian lira.  Some suggested the Americas might respond with the Amero.  Few likely imagined an entirely decentralized digital currency -- now available in the form of bitcoin.

Bitcoin raises a wide range of legal issues, from taxation to money laundering.  Curious?  Read this report to the Library of Congress outlining various countries' approaches to regulating bitcoin.  Better yet, attend the Entrepreneurial Business Law Journal's free upcoming symposium entitled "In Bitcoin We Trust?"  To brush up on the basics, try bitcoin.org.