Overview
- Uncovers the key actors in digital technology while showcasing the benefits and risks of digital currencies
- Takes a critical look at the most up-to-date federal, state, and international regulation of virtual currency
- Explores the creation of stablecoins and governments issuance of their own versions of digital currencies
Part of the book series: Palgrave Studies in Financial Services Technology (FST)
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Table of contents (8 chapters)
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Front Matter
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Back Matter
Keywords
About this book
This second edition further explores the regulatory landscape of cryptocurrency, highlighting the rise of Bitcoin, which is based on blockchain technology, and some of the many types of coins and tokens that emerged thereafter. Although Bitcoin and other cryptocurrencies have made national and international news with their dramatic rise and decline in value, nevertheless the underlying technology is being adopted by both industry and governments, which have noted the benefits of speed, cost efficiency, and protection from hacking. Based on numerous downloaded articles, laws, cases, and other materials, the book discusses the digital transformation, the types of cryptocurrencies, key actors, and the benefits and risks. It also addresses legal issues of digital technology and the evolving U.S. federal regulation. The varying treatment by individual U.S. states is reviewed together with attempts by organizations to arrive at a uniform regulatory regime. Both civil and criminal prosecutions are highlighted with an examination of the major cases that have arisen. This second edition specifically explores the creation of stablecoins, governments issuance of their own versions of digital currencies, new regulations that have been enacted and promulgated, and a clearer examination of futuristic evolutions that potentially will have a major impact upon the current cited technologies.
Authors and Affiliations
About the author
Rosario Girasa is Distinguished Professor of Law at the Lubin School of Business, Pace University, USA. He is the author of seven previously published works that range from cyberlaw, law of finance, and shadow banking. He is also the author of approximately 130 articles published in diverse U.S. and international journals.
Bibliographic Information
Book Title: Regulation of Cryptocurrencies and Blockchain Technologies
Book Subtitle: National and International Perspectives
Authors: Rosario Girasa
Series Title: Palgrave Studies in Financial Services Technology
DOI: https://doi.org/10.1007/978-3-031-21812-5
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023
Hardcover ISBN: 978-3-031-21811-8Published: 08 December 2022
Softcover ISBN: 978-3-031-21814-9Published: 08 December 2023
eBook ISBN: 978-3-031-21812-5Published: 07 December 2022
Series ISSN: 2662-5083
Series E-ISSN: 2662-5091
Edition Number: 2
Number of Pages: XXV, 387
Number of Illustrations: 1 b/w illustrations
Topics: Financial Engineering, Financial Services, Finance, general