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Digital Counterfeiting: States Regulation Of Federal, Foreign & Digital, Ralph E. Mckinney, Lawrence P. Shao, Dale H. Shao, Dale C. Rosenblieb Jr.

Ralph E. McKinney

The relatively recent appearance of Internet-based transactions necessitated the develop of digital forms of payment. These payments have evolved into various forms, including digital currency. This paper discusses the regulatory authority and/or lack of authority, of the sovereign States of the United States to regulate the counterfeiting of financial instruments used as currency, including digital currency. Federal and Foreign (non-U.S.) currencies are explicitly examined. Some digital currencies are not regulated or authorized specifically by a government. Can a currency without formal codification from a government be regulated by a State? As financial transactions have shifted historically from various governments' legal …