Virtual Whats?: Defining Virtual Currencies in the Face of Conflicting Regulatory Guidances

Authors

Stephanie A. Lemchuk, Benjamin N. Cardozo School of Law

Abstract

The note argues that Bitcoin and other virtual currencies, while promising, require clear regulatory frameworks to achieve long-term success. It emphasizes the need for uniform classification and regulation, proposing that treating virtual currencies as commodities under existing commodity laws offers a viable solution. The analysis highlights the dual nature of virtual currencies as both innovative financial tools and vehicles for illicit activities, stressing the importance of collaboration among regulatory agencies to balance innovation with consumer protection.

Disciplines

Banking and Finance Law | Comparative and Foreign Law | Law | Science and Technology Law

Recommended Citation

Stephanie A. Lemchuk, Virtual Whats?: Defining Virtual Currencies in the Face of Conflicting Regulatory Guidances, 15 Cardozo Pub. L. Pol’y & Ethics J. 319 (2017).
Available at: https://larc.cardozo.yu.edu/cplpej/vol15/iss2/4