The guiding significance of Bitcoin Law

Whether it was the collapse of Mt. Gox in 2014 or Silk Road being taken down by the U.S. federal government, they were both responsible for violating financial regulations and committing crimes. Bitcoin has created unprecedented problems for law enforcement agencies, legislators, and regulators.

      This book, The Law of Bitcoin, attempts to address these issues and offer some solutions to regulators.

      The authors of Bitcoin Law are experienced in advising clients in litigating complex and important cases, and the book treats the full range of Bitcoin situations in a very detailed and comprehensive manner.

     By reading this book, we can get the most cutting-edge news about digital currency, which will give us a basic understanding of how the law affects virtual currency and Bitcoin.

The billion-dollar shadow market

     Bitcoin Law attempts to resolve the legal disputes surrounding the multi-billion dollar bitcoin system following its explosive growth in usage.

     In response to the public's great interest and demand for articles related to virtual currencies, especially Bitcoin, this book was published in July 2015. The author attempts to provide exclusive coverage of virtual currency laws in four regions: the United States, the United Kingdom, Canada, and Germany.

     The hacks of Silk Road, Mt. Gox, and other bitcoin exchanges and e-wallets have demonstrated the potential of the emerging bitcoin market, but also the immaturity of the bitcoin economy.

     If the Bitcoin industry wants to thrive, there must be rules to restrict entry into the Bitcoin market: only sincere investors with enough money can enter the market. However, to achieve this, having laws is a basic requirement. Shareholders need to know their rights and who will be held accountable for mispricing or market manipulation, etc.

How do virtual currencies fit into the existing legal structure?

     Prior to Bitcoin Law, there were few books that attempted to answer how virtual currencies fit into the existing legal structure. Since Bitcoin was introduced in 2009, it has attracted great interest from law enforcement agencies, tax authorities, and legal regulators, all of whom are trying to figure out how virtual currencies fit into the existing legal structure.

     However, the legality of a Bitcoin user's activities depends on who they are, where they live, and what they are doing with the digital currency. As a result, Bitcoin is a very controversial subject for regulators and law enforcement who want to control its use, and very ambiguous for Bitcoin merchants who want greater transparency.

     The dispute between lawmakers and Bitcoin merchants remains unresolved as they try to reach an agreement. However, by reading Bitcoin Law, one will find that the author attempts to clarify to regulators, businesses, and other stakeholders how they should treat Bitcoin.

Legal implications of Bitcoin transactions explained

     The author of "Bitcoin Law" also attempts to explain the legal implications of Bitcoin transactions. For example, if a Bitcoin transaction is not simply a gift, the buyer and the seller will sign a contract based on relevant laws. Similarly, Bitcoin transactions are equivalent exchanges in a sense, so laws dealing with securities, money laundering, etc. are also effective in Bitcoin.

     Therefore, The Law of Bitcoin, compiled by leading legal and virtual currency experts, seeks to address a range of issues surrounding Bitcoin, including the intersection of virtual currency with criminal law, taxation, anti-money laundering and counter-terrorist financing regulations, securities law, consumer protection, bills, monetary law and financial regulation.