25 Aug '13, 4pm

Bitcoin is legal, let it evolve into its role, researchers urge

As the tech industry grapples with the potential benefits and risks of the digital currency Bitcoin , policymakers should take care not to impose heavy-handed restrictions on an innovative platform that could transform global commerce, a pair of researchers at George Mason University's Mercatus Center argue in a new policy paper . As a starting point, the researchers suggest that the proper way to evaluate Bitcoin is "not necessarily as a replacement for traditional currencies, but rather as a new payments system," and acknowledge that it "exists in something of a legal gray area." "This is largely the case because Bitcoin does not exactly fit existing statutory definitions of currency or other financial instruments or institutions, making it difficult to know which laws apply and how," write Mercatus Center researchers Jerry Brito and Andrea Castillo. The researchers cred...

Full article: http://www.techhive.com/article/2047369/bitcoin-is-legal-...

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Bitcoin is legal, let it evolve into its role, ...

techhive.com 25 Aug '13, 4pm

As the tech industry grapples with the potential benefits and risks of the digital currency Bitcoin , policymakers should ...

Bitcoin is legal, let it evolve into its role, ...

techhive.com 25 Aug '13, 4pm

As the tech industry grapples with the potential benefits and risks of the digital currency Bitcoin , policymakers should ...

Blog Post: Bitcoin is legal, let it evolve into...

The much buzzed-about digital currency has aroused concern for its use in illicit activity, but George Mason University re...

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