Volume 8 Issue 1

Digital cash, as it has become known, is becoming an integral part of a number of retail electronic payment systems including smart card and internet based systems. Digital cash, in its various manifestations, presents a number of challenges. This paper considers several aspects of these challenges, specifically: banking law; security and privacy and law enforcement issues relating to digital cash. These matters, amongst others, will be fundamental to the structure and successful operation of the information highway as the conduit for electronic commerce.

* Department of Tax and Business Regulation, Monash University.