THE BLOCK IS HOT: A SURVEY OF THE STATE OF BITCOIN REGULATION AND SUGGESTIONS FOR THE FUTURE.

The article discusses the history of Bitcoin, a digital asset and a payment system along with the mechanics of the Bitcoin protocol and the bitcoin wallet and block explorer service blockchain. Topics discussed include use of the blockchain to track other property interests; risks associated with Bitcoin such as black markets, consumer protection, and tax evasion; and need of a disclosure requirements and tax classifications for the broader adoption of Bitcoin.