Cash, Credit, Bitcoin? The Law of Digital Currency
Digital currencies present a host of complex legal, regulatory, and policy questions. Policymakers paid little attention to digital currencies until 2013, when the rise of Bitcoin forced them to confront the issues raised by these products. Policymakers must decide how to prevent digital currencies from being used for money laundering and terrorist financing and to protect consumers from fraud—but without stifling innovation in this nascent field. Further, regulators face the challenge of trying to regulate providers of digital currency services within a traditional regulatory framework that is often wholly unsuited to the unique characteristics of digital currencies.
This presentation will explain the issues that regulators and lawmakers are addressing with respect to digital currencies, and describe the key actions taken to date. The presentation also will discuss legal issues that businesses involved with digital currencies should consider and address.
Presenters
David Beam
Partner
K&L Gates LLP
David Beam is a partner in the financial services practice of K&L Gates, a global law firm with offices on five continents. The focus of David’s practice is payments and credit regulation. He pro...
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