When Bitcoin is becoming a hot trading asset, the requirement for studying it in a wholesome manner is emerging as well. Understanding the requirement, the two professors from New York University’s Law School and Stern School of Business have designed a course on Bitcoin which will clear confusion and concern surrounding the digital currency.
The two professors are: finance Professor David Yermack and law professor Geoffrey Miller. The students will be able to navigate a murky regulatory environment and assess the currency’s value before investing. Currently, the two professors are designing an early outline to pitch their bosses on “The Law and Business of Bitcoin and Other Cryptocurrencies.”
Proposing the course the duo says that interest in this topic has exploded over the past five years, as Bitcoin and an increasing pool of competitors have risen in value and gained increasing acceptance as payment devices. To study the digital currency, there will be fifteen classes which will cover several topics to groom students have broader understanding.
For instance, the release says that students will attend classes wherein they will be taught topics such as money laundering via Bitcoin, how to measure the currency’s trading activities and whether it’s even a real currency at all, etc. Using Bitcoin as a consumer and using it for business and International remittances and Bitcoin will also be covered in the course.
Also, the course will focus on legal treatment of Bitcoin wherein it will cover issues such as regulating Bitcoin trading, legal regulation of money transfer agents, who, if anyone, has authority to regulate Bitcoin trading?
Traders and investors can learn about capital and margin requirements and capitalization requirements for market makers as well as disclosure and transparency requirement.
Finance Professor David Yermack Expects Houseful Class
Though Bitcoin is extremely volatile and a lot of changes are taking place at national and international levels, finance Professor David Yermack says what’s taught come fall will likely have little resemblance to the original draft. He admits that he does not have illusions that six months from now it’ll be the same set of issues.
Thus, according to finance professor David Yermack a few broader topics will remain relevant. He expects to pack the 50-seat room currently reserved for his class; however, he says that the trajectory of Bitcoin is going to be crucial and a lot of will depend on how the digital currency fares.
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