Westlaw Today
Distinguishing Virtual Currencies From Virtual Assets: A Functional Approach
October 14, 2022
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The blockchain economy begs the question: when are virtual (digital) assets "money"? For purposes of money transmission laws, the states have answered this question inconsistently. David E. Teitelbaum, Kristin S. Teager and Kyle Tillotson discuss when digital assets should be considered currency under existing legal frameworks.
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