Law & Regulation


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

Scenario 1: Public Registry of an Asset
By Craig Wright | 06 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

In this scenario, Bob decides to publish his ownership of an asset (e.g. his home) onto the Blockchain. Nothing else

Scenario 2: Creation and Registry of an Asset
By Craig Wright | 06 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

This is a slightly enhanced version of scenario 1 where Bob wants to publish the asset onto the Blockchain, but

Scenario 3: Lease Contract
By Craig Wright | 06 Oct 2018 | Bitcoin & Blockchain Tech, Law & Regulation

In this situation, Bob takes out a lease contract with Eve for a fixed term of three years. The terms

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