Varese, Italia
Virtual currencies are a new technology with potential for financial inclusion and global reach. However — due, in particular, to their anonymity and lack of regulated intermediaries - they pose significant risks, including in terms of protection of consumers and investors, the risk of being used for money-laundering purposes, to finance terrorism, to implement illegal transactions and/or evade taxes.
This article discusses how, in the absence of any internationally uniform discipline and in light of a highly fragmented and sectorial domestic regulation, private international law rules and techniques allow States to address, at least partially, the numerous policy concerns raised by the development of virtual currencies