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There has been a lot in the media lately on the rise of virtual
currencies (technical term is cryptocurrencies), most prominently
Bitcoin. Bitcoin's successes, with its astonishing value
increase, as well as the trials and tribulations that it has
experienced from the Silk Road issues to the collapse of Mt. Gox
(which was the world's largest Bitcoin exchange) have all
garnered attention. These experiences have left many wondering why
and how virtual currencies should be regulated by the
government.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
