[cryptography] Is Bitcoin legal?

Oleksandr Nikitin oleksandr at tvori.info
Wed Jun 15 23:47:57 EDT 2011

Where's the line between unregistered securities and, for example,
gift cards, Linden Dollars, Zynga money, Microsoft Points or other
"virtual currencies" out there?
I don't live in USA, but interested anyway.

On Thu, Jun 16, 2011 at 05:34, Jeffrey Walton <noloader at gmail.com> wrote:
> On Wed, Jun 15, 2011 at 10:14 PM, Steven Bellovin <smb at cs.columbia.edu> wrote:
>> http://www.concurringopinions.com/archives/2011/06/mining-for-bitcoins.html
>> and it's worth noting that the author of that post, Brian Frye, is a law
>> professor: http://law.hofstra.edu/directory/faculty/VisitingFaculty/visfac_frye.html
> From Frye's comments
>    I’m no economist, but I can’t help wondering why Bitcoin
>    aren’t unregistered securities.  Uh-oh?  Maybe someone
>    will be hearing from the SEC?"
> Sounds like its time to get Bitcoin in the hands of [key] politicians.
> PAC contributions, anyone?
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With best wishes, Oleksandr Nikitin

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