• The Newest Regulatory Enigma: Bitcoins and Other Virtual Currencies
  • October 2, 2017 | Authors: Harry S. Pangas; Adam W. Park
  • Law Firm: Eversheds Sutherland (US) LLP - Washington Office
  • The Investment Lawyer

    Given the exponential growth in Bitcoins and other virtual currencies since they first came onto the scene in January 2009, it is only a matter of time before your investment company client asks you about the implications under the US Investment Company Act of 1940 (Investment Company Act) of making an investment or accepting payment on a loan in Bitcoins.

    In their article for The Investment Lawyer, Eversheds Sutherland attorneys Harry Pangas and Adam Park provide the necessary starting point to get you up-to-speed on virtual currencies, flag the main Investment Company Act questions posed by them and suggest potential answers and solutions to these questions.