Virtual Currencies & Federal Law

Journal of Consumer & Commercial Law, Vol. 18, p. 65, 2014

U of Alabama Legal Studies Research Paper No. 2554550.

8 Pages Posted: 24 Jan 2015 Last revised: 31 Jan 2015

See all articles by Julie Andersen Hill

Julie Andersen Hill

University of Alabama - School of Law

Date Written: December 1, 2014

Abstract

The rise of virtual currencies, like many innovations, poses legal questions. Most existing laws do not contemplate the existence of virtual currencies. Can existing U.S. criminal law, tax law, banking law, securities law, and consumer protection law nevertheless be applied to virtual currencies? This article provides an update on federal regulators' recent attempts to tackle these questions. Because virtual currencies are new, the law is still developing. There are unanswered questions and the current answers are subject to change. Nevertheless, we must start somewhere.

Keywords: virtual currency, crypto-currency, Bitcoin, payment systems, money, tax, banking, securities

JEL Classification: E40, E42, G18, G21, H24, K20

Suggested Citation

Hill, Julie Andersen, Virtual Currencies & Federal Law (December 1, 2014). Journal of Consumer & Commercial Law, Vol. 18, p. 65, 2014; U of Alabama Legal Studies Research Paper No. 2554550.. Available at SSRN: https://ssrn.com/abstract=2554550

Julie Andersen Hill (Contact Author)

University of Alabama - School of Law ( email )

P.O. Box 870382
Tuscaloosa, AL 35487
United States
(205) 348-5973 (Phone)

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