Thinking about buying what’s known as a “utility token” or a “consumption coin”? Think twice, says the Commodity Futures Trading Commission (CFTC). In a customer advisory issued last week, the derivatives regulator urged potential investors to do their due diligence before making a purchase. As we’ve discussed on the Blockchain + the Law blog, digital … Continue reading CFTC Warns Investors: Use Caution When Buying Digital Tokens
Tony Biller, Managing Partner of Michael Best’s Raleigh office, explores how blockchain technology could enhance the current state of intellectual property asset registries in his recent article One Blockchain Trademark Ledger to Rule Them All! which appeared in the firm’s Best Trademark Blog. Tony writes: "Blockchain disrupts central brokers whose primary function in transactions has … Continue reading One Blockchain Trademark Ledger to Rule Them All!
The CFPB has launched a fintech regulatory sandbox which will help fintech companies and firms develop and test new products and services, including blockchain and cryptocurrencies. Today’s Blockchain & Cryptocurrency Daily Clips highlight: "In an official announcement, the bureau said that the innovation office has been established to focus on encouraging consumer-friendly innovation. It will focus on … Continue reading U.S. Consumer Financial Protection Bureau (CFPB) Launches Fintech Regulatory Sandbox
Fact: The U.S. health care industry has an abundance of confidential patient information. Boston's medical offices alone use nearly two dozen different systems for filing and storing electronic health records. Yet, could we see a shift in the management and handling of health care data? Today’s Blockchain & Cryptocurrency Daily Clips highlight: "In addition to the major pharmaceutical … Continue reading U.S. Health Care Companies & Blockchain Technology
In what may be a first of its kind analysis, a team at Boston College recently published a study that analyzed 4003 “executed and planned ICOs” for short and longer term performance. In “Digital Tulips? Returns to Investors in Initial Coin Offerings,” the study authors found “evidence of significant ICO underpricing, with average returns of … Continue reading The First Comprehensive Study of ICO Performance Yields Some Surprising—and Some Sobering—Results
Whether you invested in a cryptocurrency venture that was a scam from the start or a failed venture chasing a “sure thing” for your valuable investment dollars, if you lost money investing in cryptocurrencies, digital tokens or other blockchain assets, you may have a solid remedy to seek a return of those lost funds. Offerings … Continue reading Lost Your Investment In Cryptocurrency? There is a Remedy for That!
The Internal Revenue Services (IRS) launched an international coalition to investigate transnational cryptocurrency tax crime and money laundering. The J5 is comprised of the government agencies from Australia, Canada, the Netherlands, the United Kingdom, as well as the IRS. The J5 states: "We are convinced that offshore structures and financial instruments, where used to commit tax … Continue reading Joint Chiefs of Global Tax Enforcement: The J5