NEW The Present and Future Impact of Virtual Currency by Subcommittee on Nationa

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Condition:	Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See the seller’s	ISBN-10:	1505882427
Format:	Trade Paper	ISBN-13:	9781505882421
Publication Year:	2015	Author:	Housing, and Urban Affairs United States Senate, Housing Subcommittee on National Security and International Trade and Finance and the Subcommittee on Economic Policy of the Committee on Banking
Language:	English	ISBN:	9781505882421
EAN:	9781505882421

NEW The Present and Future Impact of Virtual Currency by Subcommittee on Nationa

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Synopsis The uses of virtual currencies have proliferated in recent years. Getting it right from all of the regulatory, financial, and consumer points, poses a great challenge. While these virtual currencies are not yet widely accepted, the number of users continue to grow, and we must recognize that these innovations decentralize digital payment systems. Already the Federal Election Commission (FEC) has allowed political contributions to be made in bitcoins. With every new Internet-based technology, members of Congress should recognize that we often do not know what these new advancements will development into. Indeed, illicit actors have exploited the vulnerabilities of virtual currency to launder money, and the Department of Justice has alleged that customers of Silk Road, the largest contraband marketplace on the Internet, were required to pay in bitcoins to evade detection and facilitate laundering hundreds of millions of dollars. While we must ensure proper safeguards, hearings like this can help to maintain an environment that continues to promote new financial technologies and innovative growth. Product Identifiers ISBN-10 1505882427 ISBN-13 9781505882421 Key Details Author Housing, and Urban Affairs United States Senate, Housing Subcommittee on National Security and International Trade and Finance and the Subcommittee on Economic Policy of the Committee on Banking Number Of Pages 118 pages Format Paperback Publication Date 2015-03-01 Language English Publisher CreateSpace Independent Publishing Platform Publication Year 2015 Dimensions Weight 13 Oz Height 0.3 In. Width 8.5 In. Length 11 In. Target Audience Group Trade

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