Federal Regulation of Virtual Currencies

Rosario Girasa
Additional contact information
Rosario Girasa: Pace University

A chapter in Regulation of Cryptocurrencies and Blockchain Technologies, 2018, pp 71-114 from Palgrave Macmillan

Abstract: Abstract We examine how the U.S. federal government, which initially was slow in examining and prosecuting violations of law brought about by the misuse of virtual currencies, has now taken aggressive action against parties who either deliberately or carelessly act in violation of the rights of users and customers. We examine the role of the U.S. Securities and Exchange Commission (SEC) and its initial prosecutions; the Commodity Futures Trading Commission, which together with the SEC, are the leading prosecutorial agencies with respect to the new currencies; the Financial Crimes Enforcement Network and its guidance to the financial industry; and additional agencies and their attempts to protect investors and consumers.

Keywords: Virtual Currency; Financial Crimes Enforcement Network (FinCEN); Commodity Futures Trading Commission (CFTC); Initial Coin Offerings (ICOs); Bitcoin (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:psincp:978-3-319-78509-7_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9783319785097

DOI: 10.1007/978-3-319-78509-7_4

Access Statistics for this chapter

More chapters in Palgrave Studies in Financial Services Technology from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().