States’ Regulation of Virtual Currencies

Abstract

We proceed with a review of all of the states and their endeavors to deal with the latest innovative technologies. We note that states have many varying views concerning whether to regulate, the websites to warn inhabitants of the risks of virtual currency investments, whether to tax transactions, or even welcome their advent viewing the innovations as a further major step towards an increase in safety, lower costs, and other advantages. Some states license virtual currency businesses, others are content to simply warn of their risks, while other states appear to almost ignore the developments.