Bitcoin: A First Legal Analysis

With Reference to German and US-American Law
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 8438)

Abstract

The use of Bitcoins is increasing rapidly. Bitcoins are utilized in e-commerce to purchase both legal and illegal goods, they are transferred and traded and companies have invested their capital in the new digital currency. While the technical aspects of the system are well established, the legal framework remains unclear. Legislators all over the world are just starting to discover this new virtual phenomenon. This article illustrates selected legal challenges arising in different fields of law (public, criminal and civil law). Particular attention is paid to the German situation while the US-American context is also considered.

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Copyright information

© IFCA/Springer-Verlag Berlin Heidelberg 2014

Authors and Affiliations

  1. 1.Institute for Information, Telecommunication, and Media LawUniversity of MünsterMünsterGermany

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