000			02434nam a2200265 4500
003			OSt
005			20190717103453.0
008			171124b xxu||||| |||| 00| 0 eng d
040			_aUniversity of Cebu- Banilad _cUniversity of Cebu- Banilad
100			_aBarcelon, Clark Vincent L.
245			_aBitcoin: _bthe necessity of its regulation / _cClark Vincent L. Barcelon.
260			_aCebu City : _c2016. _bUniversity of Cebu,
300			_avii, 60 leaves :
336			_2rdacontent _atext
337			_2rdamedia _aunmediated
338			_2rdacarrier _avolume
501			_aThesis (Degree of Juris Doctor) -- University of Cebu- Banilad, 2016.
504			_aIncludes bibliographical references (leaves 58-60).
520			_aSummary: Bitcoin is currently being used as a currency, as an investment and as a tool for remitting money, especially from overseas. Bitcoin is the most common, decentralized virtual currency in the world. In addition, Bitcoin currency exchanges, which trade bitcoins for real currency, have quickly arisen because of the growing popularity in the country. But bitcoins evolution has also been tainted with criminality. Hundreds of millions of dollars worth of bitcoins have been stolen from businesses and large bitcoin currency exchanges. It has also been used in money laundering and other illegal activities. The necessity of reg regulating bitcoin is without question. It is potentially vulnerable to money laundering and terrorist financing abuse due to inherent anonymity. It also places bitcoin users to risk against any fraudulent or manipulative devices and practices which may create distortions in the free market of bitcoins. A regulation id definitely needed in order to deter the proliferation of such activities. Bitcoin, however, is presently not regulated in the Philippines for the purpose of preventing money laundering. Bitcoin regulation may be affected by re-amending the amended RA. 9160, otherwise known as "Anti-Money Laundering Act of 2001 (AMLA) to include Bitcoin operators and exchanges in its covered persons, it may also be done by amending RA 8799 or otherwise known as the Securities Regulation Code (SRC) or the Bangko Sentral ng Pilipinas Charter to include Bitcoin in its definition of security or instrument.
541			_xBaldomero Estenzo _yLaw _zLaw
546			_aEnglish
942			_2ddc _cS
998			_cmariz[new] _d11/24/2017
999			_c7718 _d7718