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

Effective Enforcement in the Vastly Distributed Wild Wild Web
By Craig Wright | 21 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

Some time ago Hilary E Pearson (1996) noted that, “in many cases, liability will depend upon how a court faced

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

Creating a Smart Contract Registry
By Craig Wright | 06 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

This post is the first in a series to describe a number of important methods that are needed in creating

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