Assets, Bitcoin

Is Bitcoin Federally Regulated?

Since its inception, Bitcoin has been subject to a great deal of scrutiny. Some have praised it as the future of currency, while others have called it a fraud.

One thing that everyone can agree on is that Bitcoin is complicated. So, is Bitcoin federally regulated?.

The short answer is no. Bitcoin is not currently regulated by the federal government. However, that doesn’t mean that regulation is off the table.

In fact, there have been several attempts to regulate Bitcoin at the federal level. Most notably, in 2013 the US Treasury Department’s Financial Crimes Enforcement Network issued guidance on how Bitcoin should be regulated.

However, this guidance was non-binding and didn’t have any real teeth. As such, it’s up to individual states to decide how they want to handle Bitcoin.

This has led to a patchwork of regulation across the country. For example, some states have banned Bitcoin entirely, while others have embraced it with open arms.

So, what does the future hold for Bitcoin regulation? It’s hard to say. The Trump administration has been largely silent on the issue.

However, given the current climate of uncertainty, it’s unlikely that we will see any major changes in the near future.

Previous ArticleNext Article