US Department of Justice publishes legal guidance for Bitcoin regulation

posted 3 months ago
The US Department of Justice has published a report that could serve as a guide to shape the future vision of authorities and regulators in the country towards Bitcoin and other cryptocurrencies. The document is entitled “Cryptocurrency Enforcement Framework” and has been written by the Cyber Digital Task Force, a group formed by the US Attorney General.

The report is 83 pages long and can be divided into 3 parts: risks of cryptocurrencies, laws and regulation, as well as future measures towards cryptocurrencies. The report acknowledges cryptocurrencies as “a medium of exchange” characterized by offering individual control and privacy to its users. In general, the report moves between two points: cryptocurrencies have the potential to be a positive change in the world, however, on the other side, they are used for crime and should therefore be regulated.
Tags: bitcoin, blockchain, news