This document summarizes key regulatory considerations for bitcoin and digital currency firms. It notes that regulators take a cautious approach to innovations due to financial crisis fallout. Digital currencies now receive high regulatory scrutiny. Firms are advised to consider licensing requirements and develop robust compliance programs to address anti-money laundering and consumer protection risks in order to gain regulatory acceptance and access mainstream financial services. Key controls include know-your-customer procedures, transaction monitoring, and information sharing to identify illicit activity on the bitcoin network.