Regulations for cryptocurrencies, including Bitcoin, are urgently needed, but they are not yet in place. Although Bitcoin is unregulated in the United States, it is covered by the Bank Secrecy Act, which requires service providers to register with FinCEN, implement an AML/CFT program, keep appropriate records, and file reports with appropriate authorities. In the US, the Securities and Exchange Commission has deemed cryptocurrencies to be securities, and digital wallets are subject to securities laws. The Commodity Futures Trading Commission has taken a "do-no-harm" stance and allows cryptocurrencies to trade publicly.

To ensure the safe handling of cryptocurrencies, the International Monetary Fund and the Department of Treasury have issued guidelines. The United States has passed legislation supporting a global decentralized currency, but these guidelines are far from final. Many ICOs have yet to be established, so the process must be transparent and secure. In addition, it's important to note that the U.S. Senate has taken the first step in regulating cryptocurrencies.