[LINK] EFF Drops Bitcoin Over Concerns About Legality

[Kim Holburn]

In Australia, lets is apparently legal: <http://www.lets.org.au>, why mightn't bitcoin be?

https://www.eff.org/deeplinks/2011/06/eff-and-bitcoin

> We don't fully understand the complex legal issues involved with creating a new currency system. Bitcoin raises untested legal concerns related to securities law, the Stamp Payments Act, tax evasion, consumer protection and money laundering, among others. And that’s just in the U.S. While EFF is often the defender of people ensnared in legal issues arising from new technologies, we try very hard to keep EFF from becoming the actual subject of those fights or issues. Since there is no caselaw on this topic, and the legal implications are still very unclear, we worry that our acceptance of Bitcoins may move us into the possible subject role.


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Kim Holburn
IT Network & Security Consultant
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