The Digital Currency Challenge: Shaping Online Payment Systems through US Financial Regulations

  • P. Carl Mullan

Table of contents

  1. Front Matter
    Pages i-vi
  2. P. Carl Mullan
    Pages 1-3
  3. P. Carl Mullan
    Pages 4-12
  4. P. Carl Mullan
    Pages 13-15
  5. P. Carl Mullan
    Pages 16-19
  6. P. Carl Mullan
    Pages 20-29
  7. P. Carl Mullan
    Pages 30-35
  8. P. Carl Mullan
    Pages 36-48
  9. P. Carl Mullan
    Pages 49-55
  10. P. Carl Mullan
    Pages 56-60
  11. P. Carl Mullan
    Pages 61-67
  12. P. Carl Mullan
    Pages 68-78
  13. P. Carl Mullan
    Pages 79-83
  14. P. Carl Mullan
    Pages 84-92
  15. P. Carl Mullan
    Pages 93-96
  16. P. Carl Mullan
    Pages 97-101
  17. P. Carl Mullan
    Pages 102-110
  18. P. Carl Mullan
    Pages 111-114
  19. P. Carl Mullan
    Pages 115-117
  20. P. Carl Mullan
    Pages 118-130

About this book


Private online digital currency systems offer people accessible, convenient, and inexpensive everyday financial tools outside of traditional bank-owned and operated platforms. Digital currency systems facilitate local and international fund transfers, online and offline payments, and simple cash-to-digital everyday financial products without the need for a conventional bank account of any retail bank product. Over the past several years, Bitcoin has grown into an efficient person-to-person and person-to-business payment system without the backing of any bank or financial institution. This phenomenon is producing a new level of an on- and offline commerce and a society much more attuned to digital currency systems. The Digital Currency Challenge details how new 2007-2008 U.S. legal issues surrounding digital currency products forced companies from the U.S. market and caused the Treasury Department to enact stricter regulations. Mullan profiles new and innovative present day digital currency systems, such as Bitcoin, and illustrates how software designers and monetary theorists use new technology to circumvent current U.S. regulations. This work also explains how new digital currency systems are not just software products, but tools providing financial freedom to people in countries all around the world.


growth money Treasury fund transfer finance bitcoin

Authors and affiliations

  • P. Carl Mullan
    • 1
  1. 1.PDX Currency CorporationUSA

Bibliographic information

  • DOI
  • Copyright Information Palgrave Macmillan, a division of Nature America Inc. 2014
  • Publisher Name Palgrave Pivot, New York
  • eBook Packages Palgrave Economics & Finance Collection
  • Print ISBN 978-1-349-48002-9
  • Online ISBN 978-1-137-38255-9
  • About this book