#bitcoinattorneys

[virtualcurrencyspace]

North Carolina as a potential Bitcoin Haven

“North Carolina further clarified that it does not require a special license for digital currency businesses operating in state, noting that it "applies the same standard” to these entities as money transmitters operating with fiat currencies.”

http://www.coindesk.com/north-carolina-exempts-bitcoin-regulation/

[virtualcurrencyspace]

A criminal subpoena to target abusive Bitcoin users.

"This Note argues that the U.S. Supreme Court and Congress should cre- ate a criminal subpoena standard to target Bitcoin users who abuse the virtual currency in illegal ways.19 This standard should be broader than the subpoena powers within § 512(h) of the Digital Millennium Copyright Act but more restrictive than overall criminal subpoena powers to prevent abuse of subpoe- nas duces tecum.20 Part I examines the development, functionality, and uses of Bitcoin as well as basic civil and criminal discovery standards.21 Part II explores developments in e-discovery and how civil and criminal procedural rules address electronically stored information.22 Part III argues that the U.S. Supreme Court and Congress should create a new criminal subpoena stand- ard, modeled from current e-discovery laws, that targets criminal Bitcoin use but protects the constitutional rights of legitimate Bitcoin users." http://lawdigitalcommons.bc.edu/cgi/viewcontent.cgi?article=3476&context=bclr

[virtualcurrencyspace]

Draft law for Bitcoin in Russia

Although bitcoin's future remains uncertain in Russia, it is perhaps safe to say that crypto enthusiasts can remain at ease at least for now. The draft law – which would criminalise bitcoin conversions – pursued by the Ministry of Finance is being reviewed by the Cabinet, a process which is expected to take a few months, and will then have to be submitted to the country's Parliament for final approval. http://www.coindesk.com/russia-ban-bitcoin-not-blockchain/

[virtualcurrencyspace]

Bitcoin Adoption and Regulation

“Both established and new businesses considering Bitcoin adoption need to be aware of the latest regulatory requirements to stay on the right side of the law. Depending on the business, this could mean adhering to the BSA requirements of record keeping and reporting, and staying in line with anti-money laundering provisions. In addition, all businesses transacting in Bitcoin should be aware of the applicable tax requirements for virtual currencies. Ultimately, because virtual currency regulation is a relatively new development and the government is still trying to fully understand the technology, businesses should keep a pulse on regulatory agencies for any new laws that may apply to them.

http://jolt.law.harvard.edu/articles/pdf/v27/27HarvJLTech587.pdf

[virtualcurrencyspace]

The DOJ and Bitcoin

"There was a similar gathering in February at the Treasury Department, and that was a little more formal, very stiff,” Brito said. “This one was interesting just to see so many of the same people eight months later. There’s a much more relaxed attitude and people understand this is not going away. They understand the industry is serious and wants to comply with regulation and wants greater clarity on regulation.” https://bitcoinmagazine.com/articles/doj-holds-digital-currency-summit-with-government-agencies-and-bitcoin-organizations-1447264154