By enabling public access and transparency, blockchain benefits both businesses and investors. But as most financial services data is private and confidential, it's not easy to move beyond the issues and retain the benefits. Here is how it can be done.
Things move fast in the ICO arena, where new offerings are cropping up at a breakneck pace, and regulatory entities are just beginning to catch up. But stakeholders in this innovative new world are beginning to get a handle on ICO best practices. Here's what you need to know ...
The adoption of blockchain technology can lead to the reduction of the AML-KYC cost thanks to its cross-institution client verification capability, as well as its potential effectiveness in monitoring and analyzing data required for AML-KYC checks.
Authors of 'Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond,' a new book from McGraw-Hill, outline a program of best practices for structuring and timing an ICO — and avoiding a run-in with the SEC.
The Burger King franchise in Russia has rolled out a loyalty program built around the 'Whoppercoin.' It's a cryptocurrency that customers can traffic in online or trade in for free burgers. Could it also be a signal that Russia is softening its hostile stance toward virtual currency?
Last week, several attorneys offered their perspectives on the SEC ruling that tokens are securities and, as such, their sale is subject to SEC regulations. This week, our legal experts look at the larger questions raised — about the future of blockchain regulation, and whether the rules regarding token sales need clarification.
The DAO recently got into hot water for holding a token sale that failed to comply with SEC regulations. Blockchain Tech News got in touch with three lawyers to get their perspective on what happened and how it can be avoided in the future.
With new technologies, it takes a while for regulation to catch up. Blockchain technology is no exception. While we are slowly beginning to see standards emerge, the reputation of blockchain is still marred by the criminal aspects of bitcoin.
Whichever way the US Securities and Exchange Commission rules on a proposal by the Winklevoss twins for a bitcoin exchange-traded fund, the agency's decision will have a positive impact on the future of digital currencies.
A growing number of 501(c)(3) nonprofit organizations are accepting bitcoins, including well-known charities. The IRS treats virtual currency as property, causing administrative issues for tracking gains and losses when using virtual currency for donations and other purposes.
The slow response of U.S. government agencies to provide helpful virtual currency regulation is undermining use and innovation of the promising currency. The U.S. is falling behind other countries in this crucial area.
Regulations are rolling out slowly but surely in the fast-moving virtual-currency industry. Track the latest developments here as federal, state, and local governments strive to keep up with the technology.