The New Virtual Money

Hardcover (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $283.85
Usually ships in 1-2 business days
(Save 6%)
Other sellers (Hardcover)
  • All (4) from $283.85   
  • New (2) from $317.95   
  • Used (2) from $283.85   


In a world of fading borders, the internet has become a regular method of buying and selling. However, technological and legal means of guaranteeing secure electronic transactions lag behind the increasing flexibility required by a flourishing 'virtual' economy. Furthermore, as virtual money circulates it is susceptible to interception, processing and channeling by any number of corporate interests and public authorities. The questions arise: Who is going to control what and why? There are, as yet, no firm answers.

This book sets the stage and takes the necessary first steps towards developing a reliable legal regime for virtual money. Its purpose is: to analyze the legal issues raised by internet payment systems, and to explain clearly the solutions already adopted, and to discuss policy issues, with available hypotheses, raised by the convergence of financial services and information technology, and by the advent of virtual money.

The authors provide a rigorous assessment of the appropriateness of the relevant existing legal instruments that regulate internet payment systems, and focus in particular upon the rapidly increasing use of 'electronic cash' – on smart cards or in the form of dematerialized electronic tokens – which behaves like cash, in that it can circulate between parties without the intermediation of a financial institution.

The New Virtual Money: Law and Practice is a vital building block of the robust regulatory system so urgently needed to protect users of virtual money. It is a crucial element in the knowledge base that will help lawyers, policymakers and business people successfully negotiate the radical transformation now under way in all sectors of business and industry.

Read More Show Less

Product Details

  • ISBN-13: 9789041194428
  • Publisher: Kluwer Law International, BV
  • Publication date: 10/19/1999
  • Edition description: New Edition
  • Pages: 506
  • Product dimensions: 6.14 (w) x 9.21 (h) x 1.13 (d)

Table of Contents



Part 1: Methods of Payment in the Information Age
1. Payment via an Electronic Payment System
2. A New Economic and Technological Revolution: Towards the Convergence of Information Technologies and Financial Services

Part 2: Electronic Transactions and the Law
1. The Law of Electronic Contracts
2. The Law of Electronic Payments




Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)