Blockchain Zeitgeist – SETL.io or SETLcoin

SETL.io is a company based in the UK digitising fiat currency and assets. It has been operating its business for some time now. On 19 November 2015, Goldman Sachs filed a patent in the...

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...

Isle of Man – Licensing Update

The Isle of Man is due to go live with its Designated Business Licensing for digital currency business by the end of October 2015 (originally it was due to be launched by September but...

Commonwealth – Briefing Note

Definitions First I would like to address definitions. What I am talking today about is digital currency, to be more precise: decentralised digital currency. It is digital currency because it exists only within that format,...

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Donec quis ex pellentesque magna commodo lobortis non eu arcu. Nunc fermentum quam eget tortor elementum. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas viverra faucibus hendrerit.... ] Source: DIACLE

Digital tokens – a regulatory perspective

Terminology Loosely we are using the word ‘tokens’ to provide a neutral definition for this technology. The key distinction from a regulatory point of view is whether the token is a digital currency which will...

Hardcoding compliance into protocols

On the 5th May 2015, FinCEN reported a fine against Ripple Labs on a number of counts of violations of the Bank Secrecy Act. We have reported this on Merkle Tree here and here. There...

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....