Abstract:

The birth of Bitcoin brings new concept to the currency issuance and circulation Its characteristics of decentralization and full electronization challenge the current currency system Theoretically, Bitcoin possesses all the attributes that the currency has, and it will become real legal currency in circulation as long as legal permission The use of Bitcoin in circulation now will suffer legal issues such as lack of legal status and credit, difficulty in evidence collection and remedy, jurisdiction conflict and so on The problems mentioned above could only be fundamentally solved if the authority accelerated legislation, established a uniform dispute settlement mechanism, speeded up the establishment of credit system, and enhanced supervision

Key words: Bitcoin, monetary law, legal issues