Keywords
virtual currency, virtual assets, e-commerce, money transmission, public policy, jurisdiction, federal regulations, state regulations
Abstract
Few industries are evolving as rapidly or as dramatically as those involving payment systems. The recent advent and spread of cryptocurrencies and associated trading platforms and exchanges, as well as ongoing improvements and innovations in FinTech generally, ensure that this is going to continue for the foreseeable future. Along with this rapid change has come a dynamic increase in the number and range of payment startups, a development that has been recognized as likely to redound to the benefit of consumers and the broader economy. The problem is simply that regulation is not keeping up with innovation.
Recommended Citation
Carol R. Goforth,
The Case for Preempting State Money Transmission Laws for Crypto-Based Businesses,
73 Ark. L. Rev.
301
(2020).
Available at:
https://scholarworks.uark.edu/alr/vol73/iss2/3
Included in
Business Law, Public Responsibility, and Ethics Commons, Commercial Law Commons, Economic Policy Commons, Jurisdiction Commons, Securities Law Commons