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Elemental Analysis of the U.S. Regulation of Cryptocurrencies

Publication at Faculty of Law |
2018

Abstract

This article describes the basics of American regulation of cryptocurrencies (Bitcoin etc.). The interesting point is that the United States have different federal or independent agencies that each see the Bitcoin phenomenon differently.

SEC sees Bitcoin as a security whereas the CFTC sees Bitcoin as a commodity. IRS sees Bitcoin as a mere property.

This article further provides the reasoning for each different point of view on Bitcoin.