In late June, Canada signed first official national law on Bitcoin – the first crytho currency – use: http://cointelegraph.com/storage/uploads/view/3ec89a560b0b61f0afacc8d8fb2ecb6e.png.
Summary information about where, how and based on which legal statement Bitcoin is used & taxed globally can be found here: http://www.bitlegal.io/. In some countries it is recognized as an asset, in others like private money.
Wired http://www.wired.com/2014/07/document-coin published yesterday information that J. Chris Anderson creates new digital currency “Document Coin”, which will rely on personal reputation. Interesting approach… The same Document Coin could have different values in different situations.
Crypto currencies allow shaping banking and financial industries by developers, and internet users, not just banks and regulatory organizations.
Digital transformation will surprise us more often in payment area.