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:
Bitcoin is treated as property for tax purposes.
Issued an investor alert, citing dangers of fraudulent investments and Ponzi schemes.
Issued warning on possibility of fraud.
Ruled that political committees can accept bitcoin, as long as the donation is worth less than $100.
Issued two rulings classifying Bitcoin as a payment system and all digital currency trading platforms as MSBs.
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.
The following are law-based papers regarding Bitcoin and they do not serve as legal advice.
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