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Bitcoin Regulations

A look at various agencies' rules and regulations regarding Bitcoin.

Undeclared
Not Legal
Some Restrictions

Bitcoin is subject to different rules and regulations around the world. Laws differ from country to country, creating confusion about who can operate in what fashion. CoinDesk has compiled much of the information pertaining to different countries’ regulatory agencies’ stances on Bitcoin and Wikipedia also has a country by country summary.

As a relatively new technology, Bitcoin regulations are still be worked out by various government agencies. Here is a sampling from United States regulators:

IRS

Bitcoin is treated as property for tax purposes.

irs.gov
investopedia.com
money.cnn.com
coindesk.com
forbes.com

SEC

Issued an investor alert, citing dangers of fraudulent investments and Ponzi schemes.

investor.gov
pcworld.com
businessweek.com
forbes.com
cnbc.com
cnet.com

FINRA

Issued warning on possibility of fraud.

finra.org
businessinsider.com
coindesk.com
marketwatch.com
wsj.com

FEC

Ruled that political committees can accept bitcoin, as long as the donation is worth less than $100.

fec.gov.pdf
washingtonpost.com
mashable.com
latimes.com
politico.com
thewire.com

FINCEN

Issued two rulings classifying Bitcoin as a payment system and all digital currency trading platforms as MSBs.

fincen.gov/../pdf/FIN-2014-R012.pdf.pdf
fincen.gov/../pdf/FIN-2014-R011.pdf.pdf
coindesk.com
gigaom.com
natlawreview.com

BitLicense

The New York State Department of Financial Services has issued a proposal for a so called "BitLicense" with the aim of ensuring that Bitcoin companies are in full compliance with government regulations.

dfs.ny.gov.pdf
cnbc.com
reuters.com
coindesk.com

Legal Papers

The following are law-based papers regarding Bitcoin and they do not serve as legal advice.

Digital Currencies in Practice - Bitcoin's Potential for 2015 by Alex Waters.pdf


* Map of World with Countries - Single Color by FreeVectorMaps.com

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