Virtual currency in a virtual world : virtually unstoppable?

REID, Alan S. (2014). Virtual currency in a virtual world : virtually unstoppable? In: RYDER, Nicholas, TURKSEN, Umut and HASSLER, Sabine, (eds.) Fighting Financial Crime in the Global Economic Crisis. The Law of Financial Crime, 1 (1). Abingdon, Oxon. UK, Routledge, 168-188.

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    Abstract

    This chapter looks at the rising interest in, incidence of and attempts at regulation of virtual currencies. As more and more commercial activities are instituted, organised and concluded online, both lawful and unlawful, the need for a corresponding method of online regulation becomes imperative. The growth of lives lived virtually necessitates close regulation of the cyberspace. Netizens, when conducting their lives online, require trust to be established between themselves and their fellow netizens. This requirement for imposing reciprocal obligations of good faith between netizens is particularly pertinent in the case of online transfers of financial value.

    Item Type: Book Section
    Research Institute, Centre or Group - Does NOT include content added after October 2018: Law and Criminology Research Group
    Page Range: 168-188
    Depositing User: Alan Reid
    Date Deposited: 29 Jun 2015 13:03
    Last Modified: 13 Jun 2017 13:31
    URI: http://shura.shu.ac.uk/id/eprint/10651

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