Bitcoin has quickly become the world’s dominant digital currency. As it becomes increasingly accepted by more and more businesses, governments around the world have begun wrestling with how to target and control it.
Perhaps the greatest concern regulators have expressed is the inherent anonymity in Bitcoin transactions. This lack of traceability makes Bitcoin a powerful tool for money laundering or black market sales activity.
While Bitcoin as a currency is still decentralized and unregulated, Bitcoin miners, Bitcoin exchanges and individual Bitcoin users may all be subject to United States regulations based on how they actually use the currency.