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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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: Law and Criminology Research Group
Depositing User: Alan Reid
Date Deposited: 29 Jun 2015 13:03
Last Modified: 13 Jun 2017 13:31

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