<p>The debate of bitcoin in the legal system is just in the beginning. It's not even that clear (worldwide) whether bitcoin is legally consider money or not. Up to now, most of bitcoin space is unregulated (including the issue of corporation status).  </p>

<p>But this doesn't mean that it will be unregulated forever. Nobody knows what the future holds, maybe one day the government might decide to debate whether miners should be responsible for bitcoin issues (as one day happened with Napster, Torrent and several other internet sectors).</p>

CC BY-SA 3.0
2015-11-18T13:23:49.993Z
2015-11-18T13:23:49.993Z
Mark Messa
<p>No. The whole point of Bitcoin is that it is decentralized and there is no single corporation behind it.</p>

CC BY-SA 3.0
2015-11-08T15:54:59.110Z
So there's no liability protection or "conventional" official benefits from corporate structures?
corporeal
CC BY-SA 3.0
2015-11-08T16:05:07.923Z
@corporeal: Correct.
Murch
CC BY-SA 3.0
2015-11-08T16:17:25.137Z
I'd say it's not so much that there is no liability protection, but rather that the concept doesn't apply. "Bitcoin" can't be liable for anything, so there's no liability to protect from. Bitcoin can't have revenues or expenses, either. People using Bitcoin might have liabilities, assets, P&L, but it's up to them to decide which legal entity to use for these.
Meni Rosenfeld
CC BY-SA 3.0
2015-11-08T16:35:07.413Z
So, if Bitcoin value suddenly tanks, each user is liable for their own losses independently?
corporeal
CC BY-SA 3.0
2015-11-08T16:56:26.297Z
@corporeal: Yes, certainly.  Your question is kind of like asking if copper is a corporation.  If the market price of copper drops, everyone who owns supplies of copper will lose value.  No corporation is responsible for this.
Nate Eldredge
CC BY-SA 3.0
2015-11-08T17:20:16.410Z
Thanks @NateEldredge that clears it up for me pretty much perfectly!
corporeal
CC BY-SA 3.0
2015-11-08T21:25:09.980Z
You may have a claim against whoever sold you the bitcoin, depending on the regulations and jurisdiction.
Bradley Thomas
CC BY-SA 3.0
2015-11-10T00:12:24.180Z
The Internet might be a better comparison. If the Internet disappears tomorrow, you might have actions against particular people or companies for particular promises they made to you. But you can't have an agreement with "the Internet". You can't use the Internet.
David Schwartz
CC BY-SA 3.0
2015-11-10T12:16:12.073Z
@DavidSchwartz: Should that have been "you can't sue the internet"? Because I use the internet just fine.
Meni Rosenfeld
CC BY-SA 3.0
2015-11-10T17:28:30.513Z
@MeniRosenfeld Yes. Too bad you can't edit comments after five minutes. :(
David Schwartz
CC BY-SA 3.0
2015-11-08T15:45:46.860Z
2015-11-08T15:45:46.860Z
Meni Rosenfeld
<p>Does Bitcoin have legal status as a corporation? If so, what kind, and in what jurisdiction(s) is it registered?</p>

<legal>
Is Bitcoin a corporation?
corporeal
# Is Bitcoin a corporation?

(Asked by: username_0 on 2015-11-08)

Does Bitcoin have legal status as a corporation? If so, what kind, and in what jurisdiction(s) is it registered?

**Tags:** legal


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## 2 answers

### Answer by username_2 on 2015-11-08. Score: 12 | Accepted answer

No. The whole point of Bitcoin is that it is decentralized and there is no single corporation behind it.

> **Comments:**
> **username_0**: So there's no liability protection or "conventional" official benefits from corporate structures?  
> **username_3**: @username_0: Correct.  
> **username_2**: I'd say it's not so much that there is no liability protection, but rather that the concept doesn't apply. "Bitcoin" can't be liable for anything, so there's no liability to protect from. Bitcoin can't have revenues or expenses, either. People using Bitcoin might have liabilities, assets, P&L, but it's up to them to decide which legal entity to use for these.  
> **username_0**: So, if Bitcoin value suddenly tanks, each user is liable for their own losses independently?  
> **username_4**: @username_0: Yes, certainly.  Your question is kind of like asking if copper is a corporation.  If the market price of copper drops, everyone who owns supplies of copper will lose value.  No corporation is responsible for this.  
> **username_0**: Thanks @username_4 that clears it up for me pretty much perfectly!  
> **username_5**: You may have a claim against whoever sold you the bitcoin, depending on the regulations and jurisdiction.  
> **username_6**: The Internet might be a better comparison. If the Internet disappears tomorrow, you might have actions against particular people or companies for particular promises they made to you. But you can't have an agreement with "the Internet". You can't use the Internet.  
> **username_2**: @username_6: Should that have been "you can't sue the internet"? Because I use the internet just fine.  
> **username_6**: @username_2 Yes. Too bad you can't edit comments after five minutes. :(  

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### Answer by username_1 on 2015-11-18. Score: 1

The debate of bitcoin in the legal system is just in the beginning. It's not even that clear (worldwide) whether bitcoin is legally consider money or not. Up to now, most of bitcoin space is unregulated (including the issue of corporation status).

But this doesn't mean that it will be unregulated forever. Nobody knows what the future holds, maybe one day the government might decide to debate whether miners should be responsible for bitcoin issues (as one day happened with Napster, Torrent and several other internet sectors).


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