The Digital Currency Doppelganger: Regulatory Challenge or Harbinger of the New Economy?

Authors

• Peter C. Tucker, Benjamin N. Cardozo School of Law

Abstract

The note argues that enacting new restrictive regulations for digital currencies in the United States is unnecessary and potentially counterproductive. It posits that existing anti-money laundering (AML) regulations are sufficient to address illicit activities associated with digital currencies. The author advocates for a wait-and-see approach, emphasizing the need for international coordination and the risks of driving the industry offshore, which could reduce regulatory oversight and tax revenue.

Disciplines

Banking and Finance Law | Law | Law and Economics | Taxation-Transnational

Recommended Citation

Peter C. Tucker, The Digital Currency Doppelganger: Regulatory Challenge or Harbinger of the New Economy?, 17 Cardozo J. Int'l & Comp. L. 589 (2009).
Available at: https://larc.cardozo.yu.edu/cjicl/vol17/iss3/9