Bitcoin is widely relevant. Just look at the variety of Bitcoin-related accounts on Instagram, including one where a family of four is travelling around the United States using only Bitcoins. Bitcoin has also been introduced to mainstream consumers across the world as pre-paid gift cards. Walk into a convenience store in South Korea or Taiwan and buy yourself some Bitcoins on the spot. Similarly, Bitcoins have real-world implications since major retailers such as Overstock have begun to accept Bitcoins as an alternative form of payment.
This post was originally published on the Cardozo Arts & Entertainment Law Journal website on February 17, 2015. The original post can be accessed via the Archived Link button above.
Wong, Gabriela, "Suggestions for Bitcoin Regulation" (2015). AELJ Blog. 59.