BITCOIN – BETWEEN LEGAL AND FINANCIAL PERFORMANCE
BITCOIN – BETWEEN LEGAL AND FINANCIAL PERFORMANCE

Summary/Abstract: Since its inception in 2008, electronic currency Bitcoin has raised many questions, becoming increasingly serious, as the growth of its importance. One of the main questions still remains whether Bitcoin is a currency, a financial instrument or something remained “regulated” as a piece of computer code, as there is no concrete answer until now. Moreover we can add there are no Bitcoin company and no buildings to regulate currency circulation, such as all other monetary instruments. However, according to a court decision in mid-August 2013, Bitcoin digital currency first became legal in the U.S. and its use can be regulated under the effect of law. For Bitcoin users, the verdict is good news - in terms of legality - and bad news - that the future Bitcoin transactions will be charged in the future.

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