Early Regulatory Authority On Virtual Currencies

Law360, New York (June 10, 2014, 10:34 AM EDT) -- Virtual currencies have made headlines over the past few months, and have begun receiving attention from U.S. regulators while the list of companies that have begun accepting them continues to increase. This article will review recent actions by federal regulators.

Virtual currencies, sometimes called digital currencies or cryptocurrencies, do not exist in tangible form, but rather are purely digital. Users transfer them from an encrypted computer file known as a “wallet” either directly to merchants and other third parties, or by way of third-party exchanges. Virtual currencies are not issued or backed by any government. Their value is determined on online...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS