The bitcoin is one of the first implementations of the concept called decentralized cryptocurrency, first described in 1998 by Wei Dai on 8 Cypherpunk mailing list. Although only digital format, a bitcoin is nonetheless considered an asset, in the economic sense of the term, ie, it can be considered value, credit or good.
Though rising, some experts point out the bitcoins and virtual currencies such as the new economic bubble. In the second half of 2014 they lost 45% of its value after it catapultarem to more than $ 1,100 last year, with a forecast of higher falls, according to Bloomberg Global search with finance professionals.
Nevertheless, its acceptance in the market has increased and because it is relatively new for many consumers, there are numerous questions about its legal implications. The pinion and Koiffman Lawyers, firm specializing in information technology and innovation, has compiled five main guidelines for this financial modality.
With the highly volatile price, Bitcoin has no national or foreign authority responsible for it: the network itself issues (creates), mining, buy, sell, and is responsible for verifying the authenticity of transactions.
Here are five fundamental topics regarding the legal, tax and financial implications on the bitcoin: