LEGAL CONCERNS RESULTING FROM THE USE OF CRYPTO-CURRENCIES AND SPECIALLY BITCOIN.

A short survey by George Tserkezis, J.D.Attorney at law

     Some of the main features of the crypto-currencies and specially of the popular Bitcoin,like anonymity even within the community of its users,the easy transborder transfer of money dispensed of formalities, their convertibility to official currencies,the transactions’ transparence which allows to every user to verify every transaction passed into the blockchain, the safety provided to the owner of the wallet αgainst loss,theft or fraud by means of an individual key,the exclusion of the replicability and forgery,as well as their limited number of emission,although attractive to interested users,hide risks and result legal concerns worth of a particular attention.