Publisher's Synopsis
Excerpt from The Future of Money, Vol. 1: Hearing Before the Subcommittee on Domestic and International Monetary Policy of the Committee on Banking and Financial Services, House of Representatives, One Hundred Fourth Congress, First Session
On the Internet, there is no central authority through which all information must pass. Therefore, there is no one body which can assure participants that the system has integrity. From a safety and soundness perspective, it is difficult to tell if a transaction has taken place, since there is no central authority to track and report it. Further, there are currently no standard operating regulations for electronic money on the Internet and it is unclear as to which, if any, government or non-government regulations apply. From a tax perspective, transactions can be conducted over the Internet anonymously. This anonymity and inability to track trans actions could impact oh a State or national government's ability to tax that transaction. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
