Are Bitcoins And Other Cryptocurrencies The Next Swiss Bank Accounts? | Fox Rothschild LLP
To embed, copy and paste the code into your website or blog: We all know the French proverb; the more things change the more they stay the same. It has a place in the current controversy over the sudden collapse of Mt. Gox, Bitcoin’s leading dealer. Bitcoin is a virtual or cryptocurrency. It is an asset that a customer holds in a form where only the asset holder and the person with whom he transacts are aware. Bitcoins are created through a process termed “mining” by which an investor typically puts up cash in exchange for debits logged on an electronic ledger. Mt. Gox was the l...
Source: jdsupra.com