By Douwe Miedema CHICAGO (Reuters) - A task force of U.S. state regulators is working on the first bitcoin rule-book, the head of the group said, hoping to protect users of virtual currency from fraud without smothering the fledgling technology. Numerous companies in the United States enable customers to pay for goods and services in virtual currencies. But since bitcoins are not regulated by the federal government, users face a maze of rules in the 50 states. "We may be looking at some type of model definitions, or model laws or regulations, and very likely recommendations to either our federal colleagues or to Congress," David Cotney, Massachusetts Commissioner of Banks, told Reuters on the sidelines of a public hearing into the issue on Friday.
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