Banking
Feb. 1, 2000
Click and Mortar
By Jonathan Meretsky Banks are highly regulated, primarily to ensure the safety of the public's deposits. In this era of Internet jurisdiction and the "end of geography," money has evolved into an information product. If money has become information, which needs regulation to ensure its accuracy, who can regulate it if the law is local and the Internet is both everywhere and nowhere? Can a new Internet bank be established to skirt regulation and still operate within a regulated geographic
By Jonathan Meretsky
Banks are highly regulated, primarily to ensure the safety of the public's deposits. In this era of Internet jurisdiction and the "end of geography," money has evolved into an information product. If money has become information, which needs regulation to ensure its accuracy, who can regulate it if the law...
Banks are highly regulated, primarily to ensure the safety of the public's deposits. In this era of Internet jurisdiction and the "end of geography," money has evolved into an information product. If money has become information, which needs regulation to ensure its accuracy, who can regulate it if the law...