Banking
Jan. 3, 2015
Regulations bring legitimacy and challenges to Bitcoin
Bitcoin's ongoing foray toward mainstream acceptance has brought with it increased attention from federal and state regulators. This year saw both the U.S. Treasury Department and the Internal Revenue Service weigh in on the cryptocurrency.
Daily Journal Staff Writer
2014 proved to be a wild year for Bitcoin.
Once viewed as a volatile financial novelty, the controversial cryptocurrency is now being incorporated into long-term planning at major banks and accepted by an ever-growing number of prominent businesses such as Microsoft Corp., Overstock.com Inc., Dell Inc., and Dish Network Corp.
But Bitcoin's ongoing foray toward mainstream accept...
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