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Despite growing pains, digital currencies and blockchain may be the future of payments and global finance. As with any disruptive technology that gains popularity quickly, building the legal framework to support it is challenging. Advocates of digital currencies are struggling with attempts to use existing laws to fit the new paradigm because guidance is limited, and existing regulations are insufficiently tailored. 

The chart below is meant as a quick guide to help navigate some of these issues:

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Virtual Currency Guidelines