Virtual Currencies: Emerging Regulatory and Consumer Protection Challenges [pdf]

http://www.gao.gov/assets/670/663678.pdf

by aet • 12 years ago

26 2 12 years ago

dthakur• 12 years ago

An interesting piece of info in this doc is the sheer number of working groups that are looking at digital currencies.

Names from appendix ii:

Bank Secrecy Act Advisory Group (BSAAG) [FinCEN (lead); CFTC; DEA; DOJ Criminal Division; FBI; FDIC; Federal Reserve and others]

Digital Economy Task Force [Thomson Reuters and the International Centre for Missing & Exploited Children (lead); FBI; ICE-HSI; Secret Service and others]

Electronic Crimes Task Forces (ECTF) and Working Groups [35 Secret Service field offices (lead) and others]

Financial Action Task Force (FATF) [intergovernmental organization with 36 member countries, including the U.S. Treasury as the lead agency of the U.S. delegation]

Federal Financial Institutions Examination Council (FFIEC) [OCC (rotating chair), CFPB; FDIC; Federal Reserve; and others]

Interagency Bank Fraud Enforcement Working Group [DOJ and others]

International Organized Crime Intelligence and Operations Center (IOC-2) [DOJ and others]

Terrorist Finance Working Group’s New Payments Systems Ad Hoc Working Group [Department of State and others]

Virtual Currencies Emerging Threats Working Group [DOJ, FinCEN and others]

Zigurd• 12 years ago

What percentage of all that effort do you suppose goes toward "consumer protection." Modern governments are so paranoid. In a human that would be called "guilty behavior."

Virtual Currencies: Emerging Regulatory and Consumer Protection Challenges [pdf]

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