"Crime in the Suites is authored by the Ifrah Law Firm, a Washington DC-based law firm specializing in the defense of government investigations and litigation."
Bitcoins: Online Currency’s Uncharted Frontier
2013-01-06
http://crimeinthesuites.com/bitcoins-online-currencys-uncharted-frontier/...
The Bitcoin might just be the surprise of the next generation of e-commerce and its progeny, mobile commerce.
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Our view is that use of the Bitcoin network has expanded in large part as a natural reaction to overly zealous authorities enforcing anti-money laundering rules and policies against banks and individuals.
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However, we think the law will take some significant time to catch up with the fast-moving network. It remains to be seen whether current U.S. law can be applied to cover Bitcoins, or if specific legislation would be needed. Further, even if U.S. authorities seek to regulate Bitcoins, actual enforcement would be difficult as there are no stationary “assets” to be seized (not even a domain name or website).
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