Regulation

Virtual currency report summary

The recent dynamic growth of virtual currencies presents the increasingly realistic chance of creation of an entirely new model of money and payment. Innovations allowing payments to be made at lightning speed, across state borders and outside of official payment systems, are appearing before our very eyes. Such payments are made without the involvement of […]

Virtual Currency Letter to Janet Napalitano

0 Comments

A letter requesting information regarding policies, procedures, guidelines, and advisories with regard to vitual currencies from Secretary of Homeland Security Janet Napalitano from Thomas R. Carper and Tom A. Coburn, respectively the Chairman and Ranking Member of the United States Senate Committee on Homeland Security and Governmental Affairs.

The promise and perils of digital currencies

Interest in digital currencies, especially Bitcoin, has exploded over the past year. The cryptocurrency Bitcoin was created in 2009 by an anonymous entity operating under the pseudo- nym Satoshi Nakamoto. Using cryptographic primitives to create a digital currency is not particularly new David Chaum proposed electronic cash nearly thirty years ago. What is different about […]