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Virtual Currency Blog

Recent VC Ruling Emphasizes Why Congress Needs to Act Promptly to Pass VC Legislation

A recent ruling by a U.S. federal judge finds that Bitcoin is “money” under the U.S. Money Transmission Licensing Statute. This decision further muddles the legal landscape regarding whether companies that transact in Bitcoin are money transmission businesses and highlights the need for legislative action.

In Response to Widespread Fraud, Congress Looks to Incorporate Distributed Ledger Technology into VA Medical Scheduling

The U.S. House of Representatives passed the VA Accountability First and Appeals Modernization Act of 2016, which implements a distributed ledger-based scheduling system that would increase transparency and make accountable those employees who continue to engage in fraudulent scheduling practices.

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