Canadian Lawyer Takes Lead in Writing First Bitcoin Law Book
What I love about Bitcoin is that it has incredible potential to provide financial services to millions of refugees and people in developing countries who do not have access to traditional financial services, many of whom are women in destitute conditions.
The project will be spearheaded by a Canadian lawyer Christine Duhaime, a partner at Duhaime Law in Canada, who is the book’s author. Collaborators in the law book will serve as part of an international editorial board who will provide guidance and insight into the emerging law of digital currencies, including Bitcoin, from around the world.
“I am thrilled to have the opportunity to write about the evolving law surrounding Bitcoin and other digital currencies”, said Christine Duhaime, partner at Duhaime Law.
“As the US Federal Reserve noted only weeks ago, Bitcoin’s disruptive technology may force banks and other financial institutions to adapt and change the way they provide services to consumers and it will open new markets for business all over the world. It’s important that the law keeps pace with emerging technologies like Bitcoin and we are excited to be a part of the international dialogue on Bitcoin law.”
“Canada is likely to be the first jurisdiction in the world to have federal law on Bitcoin” said Ms. Duhaime.
The Canadian government is currently debating amendments to its proceeds of crime legislation to regulate digital currencies.
“The financial crime risks of Bitcoin are often highlighted in the media but Bitcoin has tremendous applications for financial crime prevention and the book will explore the legal promises of Bitcoin as well as its potential perils,” said Ms. Duhaime.
“For example, the £4 billion carbon credit frauds that took place in the European Union could have been prevented if carbon credit exchanges were operated on the Bitcoin protocol because it has built-in fraud prevention mechanisms, something that is not well-known.”
“What I love about Bitcoin is that it has incredible potential to provide financial services to millions of refugees and people in developing countries who do not have access to traditional financial services, many of whom are women in destitute conditions, and it also has the potential to eliminate global economic disparity,” said Ms. Duhaime,
“but there are legal issues with such fundamental legal and economic shifts that need to be addressed in the legal literature and that’s what we’re doing.”
The book will be published in 2014. It will cover legal and policy issues with Bitcoin and digital currencies and will include international taxation, regulation, financial crime, business issues, technology, international banking and financial systems, monetary policy, consumer protection, and future innovative uses for digital currencies for regulators, bankers, lawyers, academics and legislators.
About Christine Duhaime
Christine Duhaime is a financial crime lawyer and certified anti-money laundering law specialist who advises clients on financial regulation and financial crime compliance. She regularly speaks internationally on Bitcoin law and financial crime compliance.
To learn more about Christine Duhaime, visit http://www.duhaimelaw.com/
To contact Christine Duhaime, email to Christine(at)duhaimelaw(dot)com or (604) 601-2046.
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