Virtual Currency United States Law - Regulating Anonymity and Transparency in the Digital Economy
Fouad Sabry
Publisher: One Billion Knowledgeable
Summary
Virtual currency law in the United States-This chapter introduces the foundation of virtual currency law in the U.S., exploring key legal principles, regulatory frameworks, and how laws have adapted to the rise of digital assets Cryptocurrency and crime-Examines the intersection of cryptocurrencies and illegal activities, providing insight into how digital currencies are exploited for crime, and the efforts to combat these challenges IRS Criminal Investigation-Focuses on the IRS’s approach to cryptocurrencyrelated crimes, including tax evasion, money laundering, and other financial crimes, shedding light on enforcement mechanisms Digital currency-Discusses the role of digital currencies in the broader financial system, focusing on their characteristics, uses, and the legal hurdles that come with their integration Unlawful Internet Gambling Enforcement Act of 2006-Explores the implications of this Act on cryptocurrency transactions, especially in relation to online gambling, and how cryptocurrencies are utilized to bypass these regulations Cryptocurrency tumbler-This chapter addresses the mechanics and legal challenges of cryptocurrency tumblers, highlighting their role in obscuring transaction trails and their legal implications Title III of the Patriot Act-Investigates the impact of Title III of the Patriot Act on cryptocurrency regulations, particularly in the context of antimoney laundering efforts and countering terrorist financing History of bitcoin-Provides a historical overview of Bitcoin, from its inception to its current status as the flagship cryptocurrency, exploring the significant milestones that shaped its legal and economic standing Economics of bitcoin-Delves into the economic underpinnings of Bitcoin, including its value drivers, volatility, and its role in the global economy, highlighting its relevance to financial and regulatory discussions Cryptocurrency-A comprehensive examination of cryptocurrencies as a whole, including the types, uses, and challenges they present in terms of regulation and legal compliance Subtitle B of Title III of the Patriot Act-Further explores specific provisions under Subtitle B of the Patriot Act, focusing on how they apply to cryptocurrency transactions and the regulatory requirements they impose Financial Crimes Enforcement Network-Analyzes the role of the Financial Crimes Enforcement Network (FinCEN) in cryptocurrency oversight, especially in the context of enforcing antimoney laundering policies Bitcoin ATM-Investigates the legal framework surrounding Bitcoin ATMs, their increasing presence, and the regulatory challenges these platforms pose in terms of identity verification and compliance Cryptocurrency exchange-Focuses on the legal challenges faced by cryptocurrency exchanges, including licensing, regulatory scrutiny, and issues related to antimoney laundering and fraud prevention Virtual currency-Offers an indepth look at virtual currencies, examining their role in modern finance, their legal classification, and the regulatory measures being implemented to control their use Bank regulation in the United States-Reviews how U.S. banks are dealing with cryptocurrencies, the regulatory landscape they navigate, and the challenges they face in integrating digital currencies into traditional banking systems Money laundering-Discusses the relationship between cryptocurrency and money laundering, exploring the regulatory measures to prevent illicit use of virtual currencies in financial crimes Currency-Explores the concept of currency in the digital age, comparing traditional fiat currencies with cryptocurrencies, and analyzing their respective roles in economic systems
Available since: 04/22/2025.
Print length: 414 pages.
