11296nam 2200553 450 991063405060332120230415170438.09783031218125(electronic bk.)9783031218118(MiAaPQ)EBC7153315(Au-PeEL)EBL7153315(CKB)25610238900041(OCoLC)1354205127(EXLCZ)992561023890004120230415d2023 uy 0engurcnu||||||||txtrdacontentcrdamediacrrdacarrierRegulation of cryptocurrencies and blockchain technologies national and international perspectives /Rosario GirasaSecond edition.Cham, Switzerland :Palgrave Macmillan,[2023]©20231 online resource (406 pages)Palgrave studies in financial services technology seriesIncludes index.Print version: Girasa, Rosario Regulation of Cryptocurrencies and Blockchain Technologies Cham : Springer International Publishing AG,c2023 9783031218118 Intro -- Preface -- Table of Cases -- Contents -- Abbreviations -- 1 The Digital Transformation -- Introduction -- Definitions and Types of Non-Fiat Currencies -- Money -- Back to Basics: What Is Money? -- Reasons for the Rise of Digital Currencies -- Types of Currencies -- Digital Currencies -- Virtual Currencies -- Cryptocurrencies -- Key Actors in Digital Technology38 -- Benefits and Risks of Digital Currencies -- Benefits of Digital Currencies -- Risks of Digital Currencies -- US Government Agencies' Risks Advisories -- Commodity Futures Trading Commission (CFTC) -- Consumer Financial Protection Bureau (CFPB) -- Government Services Administration (GSA) -- Securities and Exchange Commission (SEC) -- Immigration and Customs Enforcement (ICE) -- Federal Reserve Board (FED) -- International Risk Assessments -- International Monetary Fund (IMF) -- Financial Stability Board (FSB) -- European Union Supervisory Authorities (ESAS) -- European Union Agency for Network and Information Security (ENISA) -- Nobel Laureates' Concerns -- Notes -- 2 Technology Underlying Cryptocurrencies and Types of Cryptocurrencies -- Blockchain Technology -- Types of Blockchain Technology -- Uses of Blockchain Technology -- Banks and Blockchain Technology -- Varieties of Cryptocurrencies -- Bitcoin -- How Bitcoin Works -- Mining -- Ethereum -- Smart Contracts -- Comparison of Bitcoin and Ethereum -- Other Variations of Cryptocurrencies -- Forks -- Altcoins -- Sidecoin -- Sidechain -- Litecoin -- Bitcoin Cash (BTH) -- ApeCoin -- Dogecoin -- Cardano -- Ripple -- Monero -- Digital Tokens (Cryptotokens) -- Types of Tokens -- Non-Fungible Tokens (NFTs) -- What Are Non-Fungible Tokens? -- Rewards and Risks of NFTs -- Legal Issues Affecting NFTs -- NFT Civil Litigation -- NFT Criminal Enforcement -- Crypto NFT Scheme-U.S. v. Le Anh Tuan116.Money Laundering-U.S. v. Nguyen and Llacuna118 -- Money Laundering and NFT-FinCEN Report -- International Regulation of NFTs -- Web3 and Metaverse -- Web3 -- Metaverse -- North American Securities Administrators Association (NASAA) Warning -- Wrapped Assets -- Stablecoins, Wrapped Assets, and NFTS Comparison -- Decentralized Finance -- Notes -- 3 Federal Regulation of Virtual Currencies -- Introduction -- Jurisdiction -- SEC v. Shavers -- Gordon v. Dailey -- Alibaba Group Holding v Alibabacoin Foundation -- Virtual Currencies as Money -- Audet v. Fraser33 -- US Government Agencies Concerned with Virtual Currencies -- Securities and Exchange Commission (SEC) -- SEC Chairman Commentaries -- Risks of ICO Investments -- SEC First Enforcement Action: REcoin -- The DAO Conundrum -- SEC v. Munchee Inc. -- SEC Warnings to Social Media -- SEC and Crypto Co. and SEC v. Telegram -- SEC Disapproval of NYSE Proposed Rule Change -- Chief Compliance Officer (CCO) Liability? -- Electronic Trading Funds (ETFs) -- Ponzi and Unregistered Securities Scheme-US v. Pires, Goncalves, and Nicholas97 -- Crypto Initial Coin Offering Scheme-US v. Stollery98 -- Commodity Futures Trading Commission (CFTC) -- Prohibited Activities -- In re Coinflip, Inc. -- CFTC v. Bitfinex -- CFTC v. My Big Coin Pay, Inc.106 -- CFTC v. LedgerX, LLC and TeraExchange -- Crypto Commodities and Ponzi Scheme-US v. Saffron118 -- CME, CBOE, and Cantor Exchanges -- Authority Over Bitcoin Interpretation -- CFTC Self-Certification Announcement -- Consumer Protection Resource Page -- US Department of Justice Attorney General's Cyber-Digital Task Force -- Financial Crimes Enforcement Network (FinCEN) -- FinCEN's Guidance to Persons Administrating, Exchanging, or Using Virtual Currencies133 -- FinCEN's Ruling Concerning Virtual Currency Software Development January 30, 2014143.FinCEN's Ruling Concerning Convertible Virtual Currency Trading and Booking Platform145 -- FinCEN's Application of Money Transmission to Virtual Currency Mining147 -- FinCEN and IVAN -- Requirements When Designated as a Money Services Business -- US v. Lord -- Office of Foreign Assets Control (OFAC) -- Framework for OFAC Compliance Commitments -- OFAC Sanctions Compliance Guidance for the Virtual Currency Industry -- Sealed Criminal Complaint Against US Unidentified Person -- Federal Reserve Board (FED) -- Consumer Financial Protection Bureau (CFPB) -- Office of Comptroller of the Currency (OCC) -- Federal Trade Commission -- FTC and Butterfly Labs -- Federal Deposit Insurance Corporation (FDIC) -- North American Securities Administrators Association -- Notes -- 4 Alternatives to Traditional Virtual Currencies: Stablecoins and Central Banks Digital Currencies -- Stablecoins -- Models of Stablecoins -- Advantages and Risks of Stablecoins -- Advantages of Stablecoins -- Risks of Stablecoins -- US Government Regulation of Stablecoins -- Stablecoin Cases -- Tether-Federal and NYS Sanctions -- TerraUSD (UST) -- International Regulation of Stablecoins -- G7 Report -- IMF Cautionary Note -- European Union and Stablecoins -- US Senate Proposed Bills -- Central Banks and Cryptocurrencies -- Central Banks' Role and Mission -- Central Bank Digital Currency (CBDC) -- Definition and Distinction from Other Digital Currencies -- Reasons for Rise of CBDC -- Benefits of CBDCs -- Risks of CBDCs -- Foundational Principles and Features of CBDCs -- European Union and CBDC -- Countries' Adoption of CBDC -- US Future Adoption of CBDC? -- President Biden's Executive Order No. 14067 Concerning CBDCs54 -- Responses to President Biden's Executive Order 14067 -- CBDC Framework -- Project Hamilton -- CBDCs and Stablecoins -- Basel Committee on Banking Supervision -- Notes.5 Criminal Prosecutions and Civil Litigation Concerning Blockchain Technologies -- Criminal Prosecutions -- Statutory Prohibitions -- U.S. v. Murgio -- U.S. v. BTC-e -- US v. Lichtenstein and Morgan -- BitConnect Ponzi Scheme -- North Korean Prosecutions -- US v. Jon Chang Hyok21 -- US v. Ghaleb Alaumary -- Lazarus Group Hackers -- March 29, 2022, Incident -- Darknet Prosecutions -- US v. Budovsky (Liberty Reserve) -- US v. Harmon -- US v. Cazes (AlphaBay) -- US v. Binh Thanh Le -- US v. Prihar -- Darknet and Child Pornography -- US v. Jong Woo Son -- Darknet Continuing Arrests -- Operation DisrupTor -- Operation Bayonet (Alpha Bay and Hansa) -- Ransomware -- Sodinokibi/REvil Ransomware -- Yaroslav Vasinskyi -- Ransomware Task Force Recommendations -- Immigration and Customs Enforcement (ICE) -- ICC v. Hubbard (PDXBlack) -- "Silk Road" Prosecutions -- The Tor Project, Inc. -- US v. Ulbricht (Computer Hardware Bitcoins) -- US v. Benthall -- US v. Shrem and Faiella -- US v. Force68 and US v. Bridges69 -- First US Cryptocurrency Sanctions Criminal Proceeding -- Bitcoin as Money -- President Biden's Executive Order No. 1406782 -- Agencies' Response to Executive Order -- Department of Justice with Input of Other Agencies -- President Biden's Comprehensive Framework for Responsible Development of Digital Assets -- SEC Civil Enforcement -- Ripple Labs and R3 -- SEC v. PlexCorps. -- SEC v. Voorhees -- SEC v. Sand Hill Exchange -- SEC v. Willner -- SEC v. UBI Blockchain Internet, Ltd. -- SEC v. Wahi -- CFTC Civil Enforcement -- CFTC v. Gelfman -- CFTC v. McDonnell -- CFTC v. Dean -- CFTC v. HDR Global Trading LTD.112 -- CFTC v. McAfee -- Office of Foreign Assets Control (OFAC) -- Hydra Market, Garantex, SUEX, CHATEX, Darknet Coordination -- Notes -- 6 States' Regulation of Virtual Currencies -- Money Transmission State Laws.Proposed Uniform Virtual Currency Codes -- Uniform Regulation of Virtual-Currency Business Act -- Conference of State Bank Supervisors: Model Framework (CSBS) -- CSBS' Model Money Transmission Modernization Act -- States Requiring Licenses for Virtual Currency Businesses21 -- Alabama -- Alaska -- Arizona -- Arkansas -- Connecticut -- Delaware -- District of Columbia -- Florida -- Georgia -- Idaho -- Illinois -- Nevada -- New York -- North Carolina -- Texas -- Vermont -- Virginia -- Washington -- West Virginia -- Wyoming -- Miscellaneous States Giving Recognition to Virtual Currencies -- Hawaii -- Massachusetts -- New Jersey -- States That Have Not Enacted Legislation Concerning Virtual Currencies -- California -- Colorado -- Kansas -- Maryland -- Missouri -- Miscellaneous States -- Notes -- 7 Taxation of Virtual Currencies -- Environmental, Social and Governance Considerations -- Protection of Intellectual Property Rights -- Antitrust -- and Cybersecurity -- Taxation of Virtual Currencies -- Virtual Currency as Property for Tax Purposes -- Jarrett V. USA.14 -- IRS Guidance on Hard Forks and Air Drops -- Internal Revenue Service Guidance on Crowdfunding and Virtual Currency -- Crowdfunding -- Enforcement -- Blockchain Advantages for Crowdfunding -- Tax Aspects of Crowdfunding -- The Foreign Account Tax Compliance Act (FATCA)44 -- Internal Revenue Service Enforcement of Regulations -- Subpoenas as a Method to Investigate Tax Fraud Cases -- US V. Coinbase -- Chainalsis and the IRS -- Congressional Proposals to Tax Virtual Currency Transactions -- Taxation of Charitable Donations of Crypto-Assets -- Environmental, Social, and Governance Considerations (ESG) -- President Biden's Initiatives -- SEC Proposed Rule -- International Efforts -- Intellectual Property Rights -- IPR Basics -- IPRs and NFTs -- Regulations Relating to Cybersecurity.Cybersecurity Information Sharing Act of 2015111.Palgrave studies in financial services technology series.Bitcoin. Electronic funds transfersElectronic funds transfersLaw and legislationBitcoin. .Electronic funds transfers.Electronic funds transfersLaw and legislation.332.4Girasa Rosario J.862586MiAaPQMiAaPQMiAaPQ9910634050603321Regulation of cryptocurrencies and blockchain technologies3090289UNINA