This is Part 1 of a seven-part series of posts looking at some broad legal issues affecting crypto-currencies.
DLT vs Territorial Law.
Fiat currencies have declared value stemming from governmental regulation. And "governments" typically are territorial jurisdictions, exercising the fundamentally territorial concepts of law and regulation.
Cyber-currencies function on the blockchain, a distributed ledger technology ("DLT"). Because DLT is - and fundamentally must be - decentralized and distributed, it defies conventional notions of, and structures for, the ...
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- Proposed SEC Rule 195 Token Incubation Safe-Harbor
- Renegade Pandas, Competitive Regulation and a Token Safe-Harbor?
- POQ No-Action Letter: DLT “Arcade Tokens” Aren’t Securities
- IRS Sends Out 10,000 Cryptocurrency Tax Letters
- State Law Fintech Roundup