Law Practice
May 1, 2013
Online currency unlikely to escape government regulation
Privacy advocates and libertarians hope online currency will allow them to hide their actions and create an uninhibited market, but the federal government has historically taken the stance that the stability of the economy trumps privacy.
Daily Journal Staff Writer
Dollar bills have serial numbers. Banks must report deposits or transfers in excess of $10,000. That's because - when it comes to the regulation of currency - the federal government has historically taken the stance that the stability of the economy trumps privacy. That means that the hopes of privacy advocates and monetary libertarians - who are fans of a popular new online currency called bitcoins - are ...
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