Dec. 18, 2014

Breaking news

Virtual currency is a perfect example of the difficulties of interregulation: indeed, the bitcoins are currencies created on the Internet, usually to play games, such as poker. Thus intersect banking regulation, banking supervision, regulation and control of the game, Internet regulation itself.

In the US, the situation is complicated in that banking regulation is exercised at the state level, while the Internet is subject to intervention by federal regulators, including the Federal Communication Commission.
To solve this problem, the solution is to create a network of states banking regulators and supervisors, who adopt common rules. This is why the Conference of State Bank Supervisors, which is the network of state banking supervisors, created in 1902, has prepared a draft regulation of virtual currency, published December 16, 2014 and submitted for consultation for a month.