Casascius coins and the FinCen Letter reported today that the owner of Casascius received a letter from the FinCen (the United States Financial Crimes Enforcement Network) that essentially stated that the service he operated was a Money Services Business (MSB), specifically a money transmitter,  and he had failed to register as required of MSBs. Images of Casascius’s coins have become […]

Good faith purchaser for value

Disclaimer: This post is not meant as legal advice and I’m thinking about working up a full legal brief/article on the subject. This post is meant to point out a potential concern over Bitcoin and it’s fungibility. Many of the legal discussions around Bitcoin concern the potential impact that regulation may have on the emerging […]

Computer Fraud and Abuse Act

There has been a lot of discussion regarding the over reach of the Computer Fraud and Abuse Act (aka CFAA) and prosecutorial misuse. The discussion only intensified after the suicide of Aaron Schwartz. Broadly, the CFAA criminalizes access to computer services that exceeds authorization. The question is what exceeds authorization is especially thorny in the […]

Of Porcupines and BitCoins

I’ve decided to start this blog primarily to write about my thoughts on the BitCoin phenomenon, and specifically the legal/regulatory issues around BitCoin. None of what I write Currently I’m sitting in Roger’s Campground in beautiful (but chilly) New Hampshire. I’m attending PorcFest, the Porcupine Freedom Festival, the annual Free State Project event. BitCoin is […]