| Description |
1 online resource (30 pages) |
| Summary |
Cryptocurrencies such as Bitcoin hold the potential to reshape the global financial system by creating decentralized means of exchange that do not require government intervention or intermediaries, while also affording a degree of anonymity. This paper maps the diverse regulatory responses to virtual currency around the world in order to identify trends and patterns in the laws. Part I offers a picture of the state of regulation of cryptocurrencies in a wide array of countries, including many of the most significant global financial centers and those that have crafted distinctive policy responses to the rise of cryptocurrency. Part II covers the different approaches taken by U.S. regulatory and enforcement agencies. Part III offers a glossary of relevant terms to help bridge the expertise gap between the different constituencies active in the virtual currency space. Though regulators around the world may be facing many of the same challenges raised by cryptocurrency, there is little coordination or consensus among and within nations on the regulatory path forward. Ultimately, greater uniformity in the regulation of virtual currencies would help ease compliance burdens on companies, prevent crime, and accelerate innovation |
| Notes |
"Updated July 2018"--Cover |
| Bibliography |
Includes bibliographical references (pages 23-30) |
| Notes |
Online resource; title from PDF cover page (CNAS, viewed 0ctober 20, 2018) |
| Subject |
Money -- Technological innovations
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Electronic funds transfers -- Law and legislation.
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Electronic commerce -- Law and legislation.
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Bitcoin -- Law and legislation
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Electronic commerce -- Law and legislation.
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Electronic funds transfers -- Law and legislation.
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| Form |
Electronic book
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| Author |
Saravalle, Edoardo, author
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Solomon-Strauss, Julia, author
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Center for a New American Security, publisher.
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New York University. Center on Law and Security.
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