Law & Regulation
OpSec and the Bitcoin business
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?
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
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
The Bitcoin system may be broken down into the following “phases”: Mining; Holding Bitcoin; and Transferring Bitcoin. Each of these
Rights as property
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
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
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
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
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
This is a slightly enhanced version of scenario 1 where Bob wants to publish the asset onto the Blockchain, but
Scenario 3: Lease Contract
In this situation, Bob takes out a lease contract with Eve for a fixed term of three years. The terms