44 Pages Posted: 3 Apr 2015 Last revised: 3 Dec 2015
Date Written: March 30, 2015
Bitcoin and Blockchain technology pose a number of novel regulatory and legal issues. This note examines how government agencies and courts have attempted to keep society safe for — and sometimes from — Bitcoin and Blockchain users (with consumers and investors on one end and drug dealers, terrorists, and violent criminals on the other). This note concludes with policy suggestions for changes to disclosure requirements and tax classifications to facilitate the broader adoption of Bitcoin as a currency by the general public.
Keywords: Bitcoin, Blockchain, Block chain, virtual currency, digital currency, cryptocurrency cryptography, mining, wallet, BTC, online payments, Mt. Gox, Silk Road, regulation, remittances, consumer protection, money laundering, Internet, SEC, FATCA, FBI, EFTA, FinCEN, IRS, CFTC, CFBP
Suggested Citation: Suggested Citation
Tsukerman, Misha, The Block Is Hot: A Survey of the State of Bitcoin Regulation and Suggestions for the Future (March 30, 2015). Berkeley Technology Law Journal, Vol. 30, July 2015. Available at SSRN: https://ssrn.com/abstract=2587421