W&L Law Review
  • About the Law Review
    • Subscriptions and Back Issues
    • Joining the Law Review
    • Copyright Permission
    • Contact Us
    • Facebook Page
  • Masthead
    • Editorial Board
    • Staffwriters
    • Previous Editorial Boards
  • Submissions
    • Online Edition
    • Print Edition
  •  Print Edition
    • Volume 74:4
    • Volume 74:3
    • Volume 74:2
    • Volume 74:1
    • Volume 73:4
    • Volume 73:3
    • Volume 73:2
    • Volume 73:1
    • Volume 72:4
    • Volume 72:3
    • Volume 72:2
    • Volume 72:1
    • Older Publications
  •  Forthcoming
  •  Online Edition
    • Developments
    • Responses
    • Roundtables
      • Crypto-Currency 2.0
    • Student Notes
  • Symposia
    • Lara D. Gass Annual Symposium
    • Past Symposia
    • Student Notes Colloquia

Crypto-Currency 2.0

Did New York State Just Anoint Virtual Currencies by Proposing to Regulate Them?

Sarah Jane Hughes, Citation: 71 Wash. & Lee L. Rev. Online 51 (2014)

This Essay previews issues raised by the general subject of regulating virtual currencies and the specific efforts of New York State’s Department of Financial Services’ proposed Virtual Currency Regulatory Framework (the BitLicense) in particular. It focuses on five topics in the proposal and their interplay with the current regulation of “money services” and “money transmission” […]
Smart Contracts, Bitcoin Bots, and Consumer Protection

Joshua A.T. Fairfield, Citation: 71 Wash. & Lee L. Rev. Online 36 (2014)

Trustless public ledgers (TPLs)—the technology underneath Bitcoin—do more than just create online money. The technology permits people to directly exchange money for what they want, with no intermediaries, such as credit card companies. Contract law is the law of bargained-for exchange, so a technology that enables direct exchange online will change the reality of online […]
Dynamic Common Law and Technological Change: The Classification of Bitcoin

Shawn Bayern, Citation: 71 Wash. & Lee L. Rev. Online 22 (2014)

Most legal analysis of Bitcoin has addressed public-law and regulatory matters, such as taxation, securities regulation, and money laundering. This essay considers some questions that Bitcoin raises from a private-law perspective, and it aims to show that technological innovation may highlight problems with conceptualistic, classical rules of private law.
Digital Value Transfer Systems

Edward Castronova, Citation: 71 Wash. & Lee L. Rev. Online 14 (2014)

A “digital value transfer system” (DVT) is a computer program that moves purchasing power from one person to another by exchanging different forms of virtual currency. In this Essay, I will give examples of DVTs and explain how they work. Then I will use the economic theory of budgets to explain how DVTs increase the […]

Search

Past Issues

  • Print Edition
    • Volume 74:4
    • Volume 74:3
    • Volume 74:2
    • Volume 74:1
    • Volume 73:4
    • Volume 73:3
    • Volume 73:2
    • Volume 73:1
    • Volume 72:4
    • Volume 72:3
    • Volume 72:2
    • Volume 72:1
    • Volume 71:4
    • Volume 71:3
    • Volume 71:2
    • Volume 71:1
    • Volume 70:1
  • Online Edition
    • Vol. 74
    • Vol. 73
    • Vol. 72
    • Student Notes
    • Roundtables
    • Responses
    • Developments

Washington and Lee Law Review

About W&L Law

Our Law School is a leader in the world of legal education. Its mission is to provide an extraordinary educational program emphasizing critical thought, the power of the written word, continual reflection on ethical duty, and the meaning of law and justice in a swiftly changing world. By assembling a collegial, academically exceptional, and diverse student body in small classes with closely involved faculty, the Law School aims to produce leaders whose unique combination of intellectual ability, academic and practical training, and professionalism is recognizably "Washington and Lee." Equally important, the Law School seeks to sustain a first‐rank faculty from a spectrum of background and experience, whose scholarship enriches the public discourse of American and global society.

Links

  • Academics
  • Admissions
  • Alumni and Giving
  • Career Planning
  • Faculty
  • Law Library
  • News and Media
  • W&L Home