Does Bitcoin Have A Place In The Insurance Industry?

Law360, New York (December 18, 2013, 8:31 PM EST) -- We have all heard a lot about Bitcoin and other “virtual currencies” recently. Bitcoin is getting significant press coverage, much of it suggesting that virtual currency is a scammer’s delight.

At the same time, outgoing Federal Reserve Chairman Ben Bernanke recently said Bitcoin has a lot of “long-term promise” as a financial instrument. It has been recognized as an official currency in highly sophisticated financial markets like Germany. On the other hand, Chinese banks have been banned from transacting in Bitcoin.   

Inevitably, virtual currency will impact...
To view the full article, register now.