Here is a quick news update to complement Banfield’s last post:

The Law Library of Congress has recently released a report entitled the Regulation of Bitcoin in Selected Jurisdictions. This report outlines the current regulatory environment surrounding bitcoin and other digital currencies around the world. As one reads through the report, it is clear that the approach by all countries is not consistent. Some, like Canada, are more receptive to bitcoin while others, like China, are very forthright in their cautioning about the dangers of digital currencies.