News & Analysis as of September 24, 2024

Bitcoin

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Virtual Currency (aka Digital Currency or Digital Money) is a type of currency or medium of exchange that is not issued by any government nor guaranteed by a government currency. Despite lacking legal tender status, Virtual Currency is still traded and exchanged in some environments, typically online environments or communities. Bitcoin is the most well-known form of Virtual Currency. less -

Cybersecurity Uncertainty for Cryptocurrencies

Bennett Jones LLP on 2/2/2018

There is a lot of money—both fiat and virtual—in cryptocurrencies. The growth of these blockchain-based online assets made headlines throughout 2017. The price of Bitcoin, likely the best-known cryptocurrency, rose from...more

GAO Issues Report Concerning Emerging Challenges Posed by Virtual Currencies

Goodwin on 7/9/2014

The Government Accountability Office (the “GAO”) issued a report concerning virtual currencies (the “Report”) to the U.S. Senate’s Committee on Homeland Security and Governmental Affairs. The Report discusses emerging...more

Virtual Currency Year-In-Review: Bitcoin and Beyond

Davis Wright Tremaine LLP on 1/2/2014

Bitcoin and other decentralized, math-based virtual currencies emerged in 2013 as nascent challenges to traditional payment systems, drawing widespread public attention, venture capital investment, and regulatory scrutiny....more

AML Enforcement And Virtual Currencies

The Volkov Law Group on 9/3/2013

It is difficult for regulators and law enforcement to keep up with creative new ways in which criminals choose to store and trade money. This is especially true in the Internet-age where anonymity and ease of communications...more

Bitcoin And The Corporations Code

Allen Matkins on 5/20/2013

I’ve been seeing an increasing number of references to Bitcoin and other forms of virtual or crypto currencies in the news. For example, Jeffrey Sparshott and Robin Sidel of the Wall Street Journal reported last week that...more

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