Law & Regulation


Myths of permission-less

In the world of Bitcoin there are many false narratives and myths. This started with the myth of decentralisation. In [...]

Burning and why it matters that it is stopped
By Craig Wright | 27 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation, Math

First, we need to note that Bitcoin is an economic system and in economics, incentives and intent matter. The loss [...]

Hearsay in the Blockchain world
By Craig Wright | 24 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

In law, when presenting evidence to a court, there exists a rule on the exclusion of hearsay as evidence.   [...]

OpSec and the Bitcoin business
By Craig Wright | 23 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

There are a number of specialist topics in organisational OPSEC and concepts that need to be defined before going into [...]

Non-Repudiation — Does this exist?
By Craig Wright | 22 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

There is a definitional distinction between the legal use of the term “non-repudiation” and the common use that has taken [...]

Phases of the Bitcoin system
By Craig Wright | 20 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

The Bitcoin system may be broken down into the following “phases”: Mining; Holding Bitcoin; and Transferring Bitcoin. Each of these [...]

Rights as property
By Craig Wright | 19 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

In its simplest form, a bitcoin transaction involves the creation of an entry in a ledger. The value on the [...]

Monetary transfer and transmission rules
By Craig Wright | 18 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

The exchange of bitcoin for other currencies clearly comes under existing AML[1] regulations, and where an exchange[2] has been used [...]

Symmetric Fair Exchange Protocol

Background In a fair exchange protocol two parties either both honour an exchange (such as a contract), or neither of [...]

The tax implications of bitcoin as money
By Craig Wright | 14 Oct 2018 | Bitcoin & Blockchain Tech, Economics, Law & Regulation

As Bitcoin does not need to be held or processed by a financial institution[1], many people have concluded that they [...]

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