Blockchain Technology – Transforming Global Business Activities

For most people the term ‘blockchain’ is synonymous to ‘cryptocurrency,’ largely due to media coverage of the wild value fluctuations of cryptocurrencies like Bitcoin and block.one’s recent Initial Coin Offering (ICO) of its token, EOS. But they are very distinct, and blockchain technology could be the far more important of the two. Once you understand… READ MORE

Digital Assets and State Regulatory Challenges

One of the challenges for firms regulated by states is the state’s autonomy to both draft and enforce their own laws It is important to be aware of the regulations in any states where you may be conducting business, including the offer or sale of digital assets. A review of state regulations reveals one common… READ MORE

Cryptocurrencies and the Regulatory Challenges Around Them

The complexity and global popularity of cryptocurrencies has initiated cooperative efforts between the SEC and CFTC to understand and regulate these products. The agencies have jointly testified before Congress and displayed interest in developing meaningful regulations; both agencies have promised additional working groups to pursue joint regulations. On January 24, 2018, the SEC and CFTC… READ MORE

Cryptocurrencies Could Change Product Purchasing, Trading and Tracking

Cryptocurrency and the blockchain technology behind many of these “coins” or “tokens” have the potential to completely change the way securities are created, distributed, and traded. They also hold the potential to change how purchases are made and assets are tracked. As with any significant leap that our industry takes, opportunities must be balanced against… READ MORE

PIPA: What You Need to Know

The Personal Information Privacy Act (PIPA) is expected to come into effect this year. PIPA will impose obligations on organizations using personal information in Bermuda. Under PIPA, personal information means any data about an identified or identifiable individual. If a company holds personal information about customer or employees, there are obligations in the Act that… READ MORE