| Summary: | Bitcoin is a digital currency for which government regulation is still evolving. Transactions are done on a peer-to-peer basis and verified through a network of simultaneous users in the form of a public ledger. However, these transactions are done in cryptography form, creating unique challenges for all areas of business. Given the rise of peer-to-peer transactions in the hospitality industry, it is imperative for hospitality managers to understand the implications of this new technology. This case study explores legal issues such as money laundering, securities regulation, taxation and the definitions of currency, as well as potential applications in the hospitality industry
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| Item Description: | Originally Published In Zeng, E., Thomas, J. H., Kitterlin-Lynch, M., Chang, S. H., & Williams, J. (2015). Bitcoin: Legal issues and usage in the hospitality industry. Journal of Hospitality & Tourism Cases, 4(3), 68–73 |
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