[volitek]

I don't see why not, it's not real money and hey, everyone else is doing it. I'm going to talk to a lawyer if people start using it.

[codemonkeymike]

In America it is illegal to make a currency that competes with the USD. Congress will eventually rule that Bitcoins do compete with the USD and then yes it will be illegal.

[ethanbond]

Yeah, you're considered a money transmitter under FinCEN. There are regulations, look up the memo from FinCEN.