Temple University paper: Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation

Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation by Nikolei Kaplanov :: SSRN

Temple University paper: Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation

This Comment explores the lawfulness of using bitcoin, a privately-issued currency transacted on a peer-to-peer network, and the ability of the federal government to bar transactions between two willing parties. While there are no cases yet challenging the ability of parties in the United States to make transactions using bitcoins, there are policymakers who have denounced the use of bitcoin. This has led to the question of whether the federal government has the ability under current federal law to prohibit the use of bitcoins between willing parties. This Comment will show that the federal government has no basis to stop bitcoin users who engage in traditional consumer purchases and transfers. This Comment further argues that the federal government should refrain from passing any laws or regulations limiting the use of bitcoins. Should any claim arise, this Comment argues...

Full article: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2115203

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@JulieKNovak » 25 Jul '12, 11pm
RT @insteconomics: Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation [link]
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Nerdy Money: Bitcoin and the Case Against Its Regulation [pdf] - [link] /HN
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Legal Studies Research Paper: Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation [link]
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RT @jonmatonis: Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation by Nikolei M. Kaplanov [link]
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Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation by Nikolei M. Kaplanov [link]
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Nerdy Money: Bitcoin, the Private Digital Currency, and the Case ... [link] #cryptocurrent
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RT @electricwings: Temple University paper: Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation [link]
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Temple University paper: Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation [link]
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RT @jonmatonis: Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation by Nikolei M. Kaplanov [link]
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Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation [link]
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RT @jonmatonis: Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation by Nikolei M. Kaplanov [link]
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RT @electricwings: Temple University paper: Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation [link]
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RT @electricwings: Temple University paper: Nerdy Money: Bitcoin, the Private Digital Currency, and the Case Against Its Regulation [link]