Document Type

Working Paper

Publication Date

1-24-2015

SSRN Discipline

ISN Subject Matter eJournals; LSN Subject Matter eJournals; Innovation Disciplines eJournals; Tax Law & Policy eJournals; Financial Economics Network; IRPN Subject Matter eJournals; Innovation Research & Policy Network; Economics Research Network; Legal Scholarship Network; Corporate, Securities & Finance Law eJournals; Banking & Financial Institutions eJournals; Entrepreneurship Research & Policy Network; Law School Research Papers - Legal Studies; FEN Subject Matter eJournals; Law & Society eJournals; Law & Society: Public Law eJournals; Information Systems & eBusiness Network

Abstract

The rise of virtual currencies like many innovations poses legal questions Most existing laws do not contemplate the existence of virtual currencies Can existing US criminal law tax law banking law securities law and consumer protection law nevertheless be applied to virtual currencies This article provides an update on federal regulators recent attempts to tackle these questions Because virtual currencies are new the law is still developing There are unanswered questions and the current answers are subject to change Nevertheless we must start somewhere

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