Bitcoins and the Law, Part IV “Bitcoin Regulation” By: Raphael Qiu There are a number of different statutes that regulate virtual currencies like Bitcoin. At the federal level, Article 1 Section 8 of the Constitution grants the federal government the power to “coin money, regulate the value thereof, and of foreign Coin…” This could be applied to Bitcoin since it could be considered “foreign Coin” as it originated in Japan. In addition, US counterfeiting statutes…