1. How does Bitcoin differ from other forms of currency?
2. What are some of the ethical concerns involved with Bitcoin?

Bitcoin is a digital currency that can be used to make purchases without the use of cash, credit, or debit cards. Bitcoins are not backed by the government, not circulated by banks or other intermediaries, and not currently taxed. The increasing use of Bitcoin has generated ethical concerns, especially because it is an unregulated industry. This can lead to issues such as the ability to purchase illegal substances and fi rearms as well as being susceptible to fraud and theft. Authorities are investigating ways to regulate digital currencies to guard against money laundering and to protect investors and consumers who use it. The threat of hacking is obviously an underappreciated risk for Bitcoin as a digital currency.