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Coinsensus: The Need For Uniform National Virtual Currency Regulations, Anisha Reddy
Coinsensus: The Need For Uniform National Virtual Currency Regulations, Anisha Reddy
Dickinson Law Review (2017-Present)
Google search volume for bitcoin and bitcoin-related keywords increased by as much as 1000 percent in 2017 from previous years. This increased interest comes hand-in-hand with increased regulatory and legislative scrutiny. Currently, there is disparate regulation for virtual currencies across national and state borders alike. States’ promulgation of various and incongruous virtual currency regulations have forced service providers to withdraw from different states within the country. However, transactions are not contained within state lines, and disparate state-by-state regulation is impracticable.
The Uniform Law Commission recognized the need for uniform guidance for those entering the North American market and drafted the …