17 Aug '13, 7am

Bitcoin Law: What US businesses need to know

Bitcoin Law: What US businesses need to know

My name is Marco Santori. I’m a business attorney for technology companies. In particular, I represent digital currency businesses. I am also the Chairman of the Bitcoin Foundation’s Regulatory Affairs Committee . In this multi-part series, I will give a basic primer on the state of US law as it applies to digital currency entrepreneurs. I aim to help bitcoin businesses assess their risks and develop an informed business model. Bitcoin businesses are in a tough spot. Payment startups that once coasted quietly under the regulatory radar are becoming bright, interesting new blips on government monitors. 22 companies involved in bitcoin were subpoenaed by the state of New York earlier this week; a US judge ruled that bitcoin is a form of money; and the Bitcoin Foundation received a cease and desist letter from the state of California. If the last few months have taught us any...

Full article: http://www.coindesk.com/bitcoin-law-what-us-businesses-ne...

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The Bitcoin ATM is coming:

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