Regulation vs. Innovation in the Internet of Value

  Sometimes regulation is the necessary impetus to unleash the growth of groundbreaking innovations. It took an Act of Parliament to authorise the build of a train line from Liverpool to Manchester, the first modern...

Legal anatomy of a DAO

None of the below should be construed as legal advice as this a highly risky untried area of law. In the below we are just giving examples regarding UK law as illustrations; there are...

Easier to set up a Bank than a Virtual Currency Exchange? Impact of EBA’s...

On 11 August 2016, the EBA wrote an Opinion on the application of 4AMLD to VC exchanges and wallets. The EBA mentions that VC exchanges and wallets operating in multiple countries in the EU “may...

A STAY Out of Jail Guide to Bitcoin

Bitcoin has a few problems. Read the recent RAND report; the concern is misuse by terrorists. Apparently, even governments use it to pay spies/informants so that should be enough evidence that it can be used...

From bankcards, digital cash to totalitarian digital currency? Alternative perspective on bankcard fraud

A bankcard is a payment instrument, you use it to exercise your purchasing power. But is a card the best instrument to use in a world of online fraud, hacking, malware and the rest....

Bitcoin was born for gaming; buying it is a gamble in itself, gambling with...

Bitcoin was born for gaming; buying it is a gamble in itself, gambling with it doubles the speculation Source: DIACLE

International Telecoms Union – Speech by Adam Vaziri

International Telecoms Union – Speech by Adam Vaziri Source: DIACLE

Bitcoin is the first digital commodity per se. Nothing compares.

I genuinely believe that the biggest value of bitcoin is that it is a commodity with intrinsic value that is electronically transferrable. It takes all the benefits of gold, silver other precious metals in...

Solve ‘de-risking’ by the Bank of England opening accounts for fintech startups

Solve ‘de-risking’ by the Bank of England opening accounts for fintech startups Source: DIACLE

Breathing life into digital assets

In this document we explore the concept of an Electronic Realtime Agreement (ERA) (aka smart contract) and its various uses within a legal context. The use of ERA rather than smart contract is primarily...