Sending a Bit More Coin Home? An Analysis of Retail User Protection in Bitcoin Remittance Markets

40 Pages Posted: 12 Jul 2019

See all articles by Jared Cotton

Jared Cotton

Victoria University of Wellington, Faculty of Law, Student/Alumni

Date Written: July 4, 2017

Abstract

This paper examines the use of Bitcoin in money remittance markets as a specific illustration of wider emerging issues relating to the use of cryptocurrencies. While there are many conceivable benefits of using Bitcoin for remittances, there are also many risks for users of these remittance services. This paper adopts a user perspective to look at what the major concerns are and what existing protections may be available to persons using Bitcoin for remittance purposes under New Zealand law. The paper then summarises approaches taken by other jurisdictions before suggesting a specific regulatory approach that New Zealand should consider adopting.

Keywords: Bitcoin, Remittance, Blockchain, Prescribed Intermediary Service, Financial Markets Regulation

JEL Classification: K00

Suggested Citation

Cotton, Jared, Sending a Bit More Coin Home? An Analysis of Retail User Protection in Bitcoin Remittance Markets (July 4, 2017). Victoria University of Wellington Legal Research Paper , Available at SSRN: https://ssrn.com/abstract=3415211 or http://dx.doi.org/10.2139/ssrn.3415211

Jared Cotton (Contact Author)

Victoria University of Wellington, Faculty of Law, Student/Alumni ( email )

PO Box 600
Wellington, Victoria 6140
New Zealand

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
33
Abstract Views
244
PlumX Metrics