From USA Today:
There's no system to cash out bitcoins for government-issued currency. Unlike a euro or a dollar, you can't hold a bitcoin in your hand or pop it into your wallet to use at the local merchants. There's also still an unsettled debate about whether bitcoin is a currency or payment protocol – a crucial legal distinction that has made regulators especially wary, says Bill Maurer, director of the Institute for Money, Technology and Financial Inclusion at the University of California, Irvine.

For the full story, please visit

connect with us


© UC Irvine School of Social Sciences - 3151 Social Sciences Plaza, Irvine, CA 92697-5100 - 949.824.2766