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Simple Answers to Four Questions From Blockchain Skeptics


Simple Answers to Four Questions From Blockchain Skeptics
April 26, 2021 @ 12:30 pm By Lee Schneider
When you work in the blockchain and cryptoasset space for a while, you hear four particular questions asked over and over by people new to the space and particularly by skeptical people.  These are good and important questions and they deserve simple, straightforward answers, so let’s get to it.
What problem does it solve? 
This question is sometimes asked as a challenge and sometimes an attempt to understand why it is useful.  In either case, blockchain is useful because it solves the problem of
digital integrity. It may not be the only solution to that problem but it is becoming the most widely adopted one. ....

Leea Schneider , Troy Paredes , Partners Fintech Practice , Global Blockchain Convergence , General Counsel , டிராய் பாரிடெஸ் , கூட்டாளர்கள் ஃபிண்டெக் ப்ர்யாக்டீஸ் , உலகளாவிய ப்ளாக்சைன் குவிதல் , ஜநரல் ஆலோசனை ,

A Conundrum of NFTs: Five Things About NFTs That May Surprise You


A Conundrum of NFTs: Five Things About NFTs That May Surprise You
A murder of crows.  A pride of lions. A school of fish. 
A conundrum of NFTs.  At least that’s how it feels when faced with the ever-growing craze for non-fungible tokens.  Here are five things about NFTs that may surprise you.
They’re just another type of blockchain token.
As with anything tokenized on blockchain, it is the functions and features of the NFT that determine what it is, as well as its legal and regulatory classification.  In this respect, there is no difference between fungible and non-fungible tokens.  They are both a form of digital representation of an asset or item on a blockchain database.  As such, an understanding of the rights and entitlements inherent in the token, including those programmed into the blockchain and smart contract as well as any associated written terms and conditions, is necessary to properly classify it.  This is true regardless of its fungible o ....

Leea Schneider , Troy Paredes , Global Blockchain Convergence , General Counsel , டிராய் பாரிடெஸ் , உலகளாவிய ப்ளாக்சைன் குவிதல் , ஜநரல் ஆலோசனை ,

Gibraltar extends regulatory guidelines for digital asset exchanges


Gibraltar extends regulatory guidelines for digital asset exchanges
Submitted
19/01/2021 - 9:30am
As warnings intensify about the need for regulation of digital assets across the UK and Europe, Gibraltar is adding to its already regulated digital ledger technology (DLT) framework with the development of a ‘10th Core Principle’, specifically for digital asset exchanges. 
Joey Garcia, a partner at the international law firm ISOLAS LLP, who also sits on the boards of the Xapo and IOV Labs (RSK) groups, has brought together members of the Global Blockchain Convergence which include several other global leaders in the blockchain and emerging technology space to form a working group for the development of the new framework, ensuring it meets appropriate defined market standards. ....

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Gibraltar Adds "10th Core Principle" for Digital Asset Exchanges to Meets Defined Market Standards


January 19, 2021 @ 3:06 pm By JD Alois
Gibraltar, an early entrant in the digital asset ecosystem, says it is adding to its already regulated digital ledger technology (DLT) framework with the development of a “10th Core Principal” for digital asset exchanges. A “Market Integrity working group” has been created to ensure that the added regulation” meets the global market standards for exchanges and other marketplace platforms, while also considering recently defined standards set by the EU and other international bodies.”
Joey Garcia, a partner at the law firm
ISOLAS LLP, has brought together members of the Global Blockchain Convergence to form the working group for the development of the new framework. ....

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