Guidance for a Risk-Based Approach to Virtual Currencies
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Internet black markets, such as Silk Road were described as havens for all things illegal including; drugs, guns, pirated software, and pornography due to the untraceable nature of Bitcoins. However, that was so 1-year ago, and a lot has changed since the relatively unknown currency emerged on the scene. As of today, Bitcoins are increasingly being used as payments for legally legitimate services and products. S statute 15 U. Federal Judge Amos L. Currently, like many other forms of technology, there is no specific law governing its use.
After extensive testimony before the U. Essentially, Bitcoins, as of now, are considered a legal form of currency capable of being exchanged in the U. Guia bitcoin 2013 calendar long as retailers, service providers, guia bitcoin 2013 calendar online merchants who accept Bitcoins continues to grow, expect Bitcoins to remain legal.
Moreover, since Bitcoins are created by miners operationg powerful servers capable of completing robust software algorithms embedded within the currency itself, expect Bitcoins volume to increase, both as miners and computing power increases.
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