The Task of Defining and Regulating Virtual Currencies
What is it about?
This presentation aims to highlight the impact of virtual currencies on capital markets and the need to define boundaries within which they can be regulated and adequately accounted for. Virtual currencies, namely, crypto currencies have been defined as " safe havens" for criminal activities since no specific value can be placed on their worth - which can easily be over inflated - as well as easily used in facilitating fraudulent activities. The difficulties in tracing non definable currencies also necessitates and facilitates the role of forensic experts in such as task of trailing their transactions.
Why is it important?
The need for certainty in capital markets - as well as being able to adequately account for transactions, makes the need for regulation and setting defined boundaries, so important.
The following have contributed to this page: Prof Marianne Ojo