How will virtual currency play a role in the business world in the future? How will it be regulated? Bitcoin is a pioneer in the virtual currency market, and as such, is already becoming an integral force in shaping that landscape. Business Law Postput together an informative series about the history of Bitcoin and the legislation that is currently in place to regulate it in the U.S. It also discusses potential legislation issues that will arise in the future.
To read about Bitcoin's history, read Part I.
For The Financial Crimes Enforcement Network (FinCEN) guidelines on virtual currency, check out Part II.
The U.S. Commodity Futures Trading Commission (CFTC) and Securities Exchange Commission (SEC) currently do not regulate Bitcoin, but that could change soon. Read about what future regulation possibilities are in Part III.