Navigating grey areas
During a speech at the Institute on Securities Regulation, the Chairman of the U.S. Securities and Exchange Commission, Jay Clayton, made a statement about a very important issue that might determine the future of ICO’s: Is an ICO an offering of a security or not?
The SEC has warned celebrities not to advertise ICO’s. The advertisement of ICO’s may be a violation of anti-touting provisions, make the person liable for potential violations of the anti-fraud provisions, for participating in the promotion of an unregistered offer and sale of securities and make the person liable for acting as an unregistered broker.
In this article, I argue that the problems we see in crypto today are caused by moral hazards and the idea of a ‘regulatory wild west’, and that law is a possible solution. However, the manner in which regulation is implemented is crucial, as ICO regulation should not be (too much of) a burden to innovation.
I hear the question often: “what is Ethereum?”. This complete guide explain’s Ethereum’s potential, tokens, smart contracts, decentralised applications and intial coin offerings.
While Ethereum is praised widely, it seems a bubble is forming. In this article, the author presents Ethereum’s weaknesses.
In this article i explain why we need cryptocurrencies. I present the arguments advocating for and against bitcoin and eventually I examine whether Bitcoin is the new gold or the currency of the feature. I conclude that at best, Bitcoin is currently a store of value. At worst it is just a speculative asset.
On September 8th, a bipartisan bill called the Cryptocurrency Tax Fairness Act has been introduced to the United States Congress. The Bill creates a de minimis threshold of $600 for the purpose of capital gains taxation. Moreover, it poses a requirement on the Treasury Department to issue guidelines for informational reporting on digital currency transactions for which capital gains is due.
The term ‘blockchain technology’ is increasingly used to refer to the synthesis of three distinct technologies: peer-to-peer technology, the blockchain and consensus mechanisms. In this post, the author seeks to explain these components and how they make secure distributed ledgers possible.