In George Osborne's budget, announced on the 18th March 2015, the UK will implement regulations and anti- money laundering rules to allow Bitcoin to be used more freely in business transactions in the UK. The US are also considering a Bitcoin licence. This could pave the way for UK bank accounts in Bitcoin so that they can be used for day to day business. It is therefore hardly surprising that globally the Bitcoin sector has attracted $660m of venture capital investment. Lawyers should be holding a watching brief over this development, as it has some interesting possibilities for law firms and their clients.