Any distributed ledger used by an enterprise or industry needs to conform to data requirements in the countries in which it operates. Existing blockchains based on Bitcoin and Ethereum codebases can indiscriminately broadcast private data to all participants of a network, and therefore may not always be suitable for use in financial services. Distributed ledgers have been developed that share certain data only with participants who need to see it,
04 January 2018
03 January 2018
One of the big questions surrounding ICOs is whether the “coin” (or token) offered in the ICO is considered a security and, therefore, subject to securities laws, including registration. One of the U.S. SEC’s first official statements on the matter, issued in response to the DAO debacle, was probably most famous for its lack of definitive statements. It said that: [F]ederal securities law may apply to various activities, including distributed
02 January 2018
In well publicized moves in late 2017, both China and South Korea banned ICOs. Today, the Malaysian finance minister said in an interview that Malaysia will not impose a blanket ban on cryptocurrency trading. At the same time, South Korea’s Yonhap News Agency reported that, in a further tightening move, “The South Korean government has been developing a system that is likely to start banning the use of anonymous accounts
