Bitcoin may eventually be labeled as a brand new type of property in the U.S. and U.K. because it doesn’t physically exist in any one specific location.
While bitcoin itself is difficult to confiscate or censor, U.K. courts have labeled bitcoin as property which aids in recovery when scammers try to cash out.
Law, markets, architecture and social norms are forces that constrain individuals’ behavior. Can governments take advantage of these to regulate Bitcoin?
