HARDOCP - Why Bitcoin Lives in a "Legal Gray Area"

Why Bitcoin Lives in a "Legal Gray Area": As Bitcoins make a slow recovery and beginning to grow a constituency,...

Why Bitcoin Lives in a "Legal Gray Area" As Bitcoins make a slow recovery and beginning to grow a constituency, the ‘crypto currency’ is beginning to draw the attention of governments fearful of its use as an illegal medium for money laundering or worse. Nothing like Bitcoin existed when current laws were written. A wide variety of laws regulates banks, money transmitters, currencies, and securities—but none of these categories are a good fit for Bitcoins

Full article: http://www.hardocp.com/news/2012/08/26/bitcoin_lives_in_l...