Two Sides of the Same Bitcoin: Why the Federal Government and the Judiciary Should Treat Bitcoin Consistently as Virtual Currency, not Property

By Cory Lamz

Is bitcoin a type of virtual currency or a type of property? Either definition of bitcoin also carries other issues—including tax and regulation issues. The most critical issue related to the treatment of bitcoin is the criminal issue. How may bitcoin users be charged criminally? And since no bitcoin-specific legislation currently exists, under what laws may bitcoin users be charged?

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