Post
Topic
Board Development & Technical Discussion
Re: [RFC] bitcoin electronic check standard
by
EconomyBuilder
on 21/08/2010, 08:23:19 UTC
I don't know whether you can for commercial purposes call these "checks" in the U.S., because they are probably not negotiable instruments under the UCC in the U.S.   Not because they are electronic, but because bitcoins are not government-issued currencies and thus not "money" under the UCC.    Unfortunately it's still "money transfer" under money laundering laws.    Caveat: IANAL, you should consult a lawyer.