Digital Money U.s. RegulationE-commerce is all about swapping something of value for something that approximates cash. Most consumers are familiar with the economic options of cash, check, or credit card. Each of those involves a physical thing that the consumer has in their possession; currency, paper, or plastic. Digital money on the other hand, is a value swapping service that consumers are not quite comfortable with yet. So, who regulates the services that offer digital money in the United States?
The following questions have been addressed in this article:What does the OCC do for the U.S. Treasury Department?
How does the OCC monitor banks?
How do I know which financial institution is better than another?