The Virtues and Risks Inherent in the 'Bitcoin' Virtual Currency
51 Pages Posted: 24 Apr 2014 Last revised: 4 Jul 2014
Date Written: April 15, 2014
This piece seeks to present to its readers the fundamental prospects in the digital currency alongside the inherent risks associated with its wide acceptability and surge. It further suggests principles that can be adopted in the wake of crises that might result from the use of the said currency for illegal purpose. Finally, this paper looks at what might become of the digital currency in the near future in view of upcoming and intended regulations.
Keywords: Money Laundering, Fraud, Terrorism, Human Right
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