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

2 Answers 2


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

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    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. Commented Nov 8, 2015 at 16:17
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    @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. Commented Nov 8, 2015 at 16:56
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    You may have a claim against whoever sold you the bitcoin, depending on the regulations and jurisdiction. Commented Nov 8, 2015 at 21:25
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    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. Commented Nov 10, 2015 at 0:12
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    @DavidSchwartz: Should that have been "you can't sue the internet"? Because I use the internet just fine. Commented Nov 10, 2015 at 12:16

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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