The Digital Currency Challenge for the Regulatory Regime

Abstract: Digital currencies pose several questions. First, finding the best definition. Digital currencies have specific features that make necessary to mention in its definition. The second puzzle that they present is the function of Internet. It is important because Internet is the vehicle for th...

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Autores principales:	Arias Acuña,Gonzalo, Sánchez Pullas,Andrés
Lenguaje:	English
Publicado:	Universidad de Chile/Facultad de Derecho. Centro de Estudios en Derecho Informático 2016
Materias:	Digital currency bitcoin electronic money legal challenges e-commerce
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-25842016000200173
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spelling	oai:scielo:S0719-258420160002001732017-03-14The Digital Currency Challenge for the Regulatory RegimeArias Acuña,GonzaloSánchez Pullas,Andrés Digital currency bitcoin electronic money legal challenges e-commerce Abstract: Digital currencies pose several questions. First, finding the best definition. Digital currencies have specific features that make necessary to mention in its definition. The second puzzle that they present is the function of Internet. It is important because Internet is the vehicle for the good functioning of digital currency schemes. The network provides all the facilities to digital currency, but it also may be a place for criminal activity. The third question is the relation of digital currencies and the e-commerce. The electronic commerce is an antecedent of virtual currencies. The necessity to make the payment quicker and easier makes possible the growth of virtual currencies. Finally, there is the puzzle of the regulation. A complete regulation does not exist in the digital area. It is the nature of the Internet. It is a place where there are no financial rules. Criminal activity and improper use of Internet will increase over time.info:eu-repo/semantics/openAccessUniversidad de Chile/Facultad de Derecho. Centro de Estudios en Derecho InformáticoRevista chilena de derecho y tecnología v.5 n.2 20162016-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-25842016000200173en10.5354/0719-2584.2016.43541
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Digital currency bitcoin electronic money legal challenges e-commerce
spellingShingle	Digital currency bitcoin electronic money legal challenges e-commerce Arias Acuña,Gonzalo Sánchez Pullas,Andrés The Digital Currency Challenge for the Regulatory Regime
description	Abstract: Digital currencies pose several questions. First, finding the best definition. Digital currencies have specific features that make necessary to mention in its definition. The second puzzle that they present is the function of Internet. It is important because Internet is the vehicle for the good functioning of digital currency schemes. The network provides all the facilities to digital currency, but it also may be a place for criminal activity. The third question is the relation of digital currencies and the e-commerce. The electronic commerce is an antecedent of virtual currencies. The necessity to make the payment quicker and easier makes possible the growth of virtual currencies. Finally, there is the puzzle of the regulation. A complete regulation does not exist in the digital area. It is the nature of the Internet. It is a place where there are no financial rules. Criminal activity and improper use of Internet will increase over time.
author	Arias Acuña,Gonzalo Sánchez Pullas,Andrés
author_facet	Arias Acuña,Gonzalo Sánchez Pullas,Andrés
author_sort	Arias Acuña,Gonzalo
title	The Digital Currency Challenge for the Regulatory Regime
title_short	The Digital Currency Challenge for the Regulatory Regime
title_full	The Digital Currency Challenge for the Regulatory Regime
title_fullStr	The Digital Currency Challenge for the Regulatory Regime
title_full_unstemmed	The Digital Currency Challenge for the Regulatory Regime
title_sort	digital currency challenge for the regulatory regime
publisher	Universidad de Chile/Facultad de Derecho. Centro de Estudios en Derecho Informático
publishDate	2016
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0719-25842016000200173
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The Digital Currency Challenge for the Regulatory Regime

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