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A history of digital currency in the...

Mullan, P. Carl.

A history of digital currency in the United Statesnew technology in an unregulated market /

Record Type:	Electronic resources : Monograph/item
Title/Author:	A history of digital currency in the United Statesby P. Carl Mullan.
Reminder of title:	new technology in an unregulated market /
Author:	Mullan, P. Carl.
Published:	New York :Palgrave Macmillan US :2016.
Description:	vii, 278 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Electronic funds transfersHistory.United States
Online resource:	http://dx.doi.org/10.1057/978-1-137-56870-0
ISBN:	9781137568700$q(electronic bk.)

A history of digital currency in the United Statesnew technology in an unregulated market /
Mullan, P. Carl.

A history of digital currency in the United Statesnew technology in an unregulated market /[electronic resource] :by P. Carl Mullan. - New York :Palgrave Macmillan US :2016. - vii, 278 p. :ill., digital ;24 cm. - Palgrave advances in the economics of innovation and technology. - Palgrave advances in the economics of innovation and technology..

1. Introduction -- 2. e-gold -- 3. The Liberty Dollar and Bernard von NotHaus -- 4. e-bullion and Mr. James Fayed -- 5. Crowne Gold -- 6. Liberty Reserve -- 7. INTgold -- 8. OSGold -- 9. GoldMoney -- 10. WebMoney Transfer -- 11. New FinCEN Rules.

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.

ISBN: 9781137568700$q(electronic bk.)

Standard No.: 10.1057/978-1-137-56870-0doiSubjects--Topical Terms:

762856
Electronic funds transfers
--History.--United States

LC Class. No.: HG1710 / .M85 2016

Dewey Class. No.: 332.178

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520 $a 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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