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Taking off on the Blockchain

In this fourth installment of our five-part series highlighting the legal issues presented by blockchain, we’ll consider application to the aviation industry. Blockchain has the potential to increase airlines’ profitability by lowering transaction costs as well as improving efficiency and transparency, while simultaneously enhancing customer experiences. As we discussed in the post “Taking Control of … Continue Reading

Taking Control of Your Identity

One of the most intriguing uses of the blockchain may be the enhancement of identity solutions. As we know, the blockchain offers enhancements over current mechanisms for creating and storing digital identities, such as security and resilience built in by design, a greater ability to control the uses of encrypted information, and the ability to … Continue Reading

This is Your Blockchain on Drugs…

This week, we will have a five-part series highlighting the legal issues presented by blockchain applications in a number of different industries. Today, we’re looking into the legal considerations of implementing the blockchain in the pharmaceutical industry.  Among other benefits, distributed ledger technology can help reduce sales of counterfeit drugs and improve supply chain management, … Continue Reading

Perils in Hosting Virtual Currency Exchanges in China: The Lekuda (OKCOIN Trading Platform) Case

An appellate decision from a provincial high court in northeastern China may help to shed some additional light on the Chinese government’s regulation of virtual currency exchanges in China, the anti-money laundering (AML) and know-your-customer (KYC) expectations placed on these exchanges, and the liability that might accrue to exchanges in the event of criminal activity … Continue Reading

Appearance on Unchained

Alan Cohn and I talk with Laura Shin on her Unchained podcast about the Blockchain Alliance. We also talk about how crime involving Bitcoin is similar to crime involving any new technology, what genuinely new questions are being raised, and how various law enforcement agencies might think about recent developments like the emergence of the DAO … Continue Reading

Bitcoin and Terrorist Financing

Following the attacks in Paris and San Bernardino, polls show that Americans identify terrorism—more than any other issue—as the most important problem facing the US.  In this environment, some media outlets have predicted a pending “crackdown” on digital currencies, particularly by European governments, because of the risk that the technology could be used to fund … Continue Reading

Smart Banks Are Banking on the Blockchain

In an area that is growing and evolving as fast as FinTech, it’s often difficult to take a step back and take stock of where we are, and where we’re headed. So kudos to CoinDesk, which recently issued its State of Bitcoin report for the second quarter of 2015, its seventh such report since February … Continue Reading

Digital Payments and Currencies: Global Threat or Opportunity?

On Thursday, April 23, I spoke at the Bretton Woods Committee seminar, “Digital Payments and Currencies: Global Threat or Opportunity?”  The panel discussed the changes digital currencies and payment systems have brought to the market and the disruptive potential of a future in which they may become more conventional. An audio clip of the seminar … Continue Reading

Are New York’s BitLicense Rules Good or Bad for Bitcoin?

It’s only been about a week since New York’s outgoing Superintendent of Financial Services Ben Lawsky released the long-awaited “BitLicense” rules for digital currency businesses operating in New York, but it’s not too early to try to assess the potential impact of those rules on the development of Bitcoin-related businesses and emerging financial technologies. The … Continue Reading
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