A History of Digital Currency in the United States : New Technology in an Unregulated Market
1st ed. 2017
Book Details
Format
Hardback or Cased Book
ISBN-10
1137568690
ISBN-13
9781137568694
Edition
1st ed. 2017
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
US
Country of Publication
GB
Publication Date
Nov 17th, 2016
Print length
278 Pages
Weight
508 grams
Dimensions
15.60 x 21.70 x 2.20 cms
Ksh 19,800.00
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This book presents detailed case studies of the first commercial internet digital currency systems developed between 1996 and 2004. He then tracks the subsequent changes made to US regulations that now prevent such unlicensed activity, illustrating the importance of supervising products and industries that arise from new disruptive technology.
This book presents detailed case studies of the first commercial internet digital currency systems developed between 1996 and 2004. Transactions completed with the new technology circumvented all US financial regulations, an opening that transnational criminals exploited. Mullan explains how an entire industry of companies, agents, and participants turned a blind eye to crimes being committed in this unsupervised environment. He then tracks the subsequent changes made to US regulations that now prevent such unlicensed activity, illustrating the importance of supervising products and industries that arise from new disruptive technology. This book distills hundreds of hours of interviews with the creators and operators of early digital currency businesses to create detailed case studies of their practices.
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