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Impact Assessment of Bitcoin Legal Regulations in the USA

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Bitcoin is a form of digital currency coded into a blockchain distributed ledger within a network of computers. The name cryptocurrency implies that an incorruptible encryption protocol protects and secures bitcoin-related financial transactions. Growing in popularity since its inception in 2009, bitcoin now commands a market capitalization of $133 billion. Bitcoin has completely altered the face of financial technology, producing a ripple effect on the US economy.   Bitcoin operates outside the control of the federal government, and its users conduct transactions in pseudo-anonymity. Government agencies and law enforcement fear that cryptocurrencies may become a conduit for money laundering, theft,

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