Bitcoin Law: Compliance and Avoidance Strategies
My name is Marco Santori. I'm a business attorney for technology companies. In particular, I represent digital currency businesses. I am also the Chairman of the Bitcoin Foundation's Regulatory Affairs Committee. In this multi-part series, I will give a basic primer on the state of US law as it applies to digital currency entrepreneurs. I aim to help bitcoin businesses assess their risks and develop an informed business model. In the first two parts of the series, we covered the law of money transmission on the federal and state-level in the United States. We learned that not all digital....
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At VAF Compliance a team of experts is ready to help with all of your virtual assets compliance needs. Connect with VAF today; the leading virtual assets compliance company serving the Middle East and customers worldwide. What Is VAF Compliance? The crypto, NFT and metaverse spaces are hot and buzzing, with innovative products launched almost daily. Whilst having an industry swept with technological advancements is good, it is also necessary to ensure that the digital assets and the teams behind them are compliant. Being compliant in this sector means that organizations and investors can....
Mike Hearn is a software developer who works on the Bitcoin Core development team and also at Google. In this article, Mike discusses some bitcoin privacy leaks, and a new technique that does not currently have a name, but which he calls merge avoidance. Introduction to bitcoin privacy. It's an unfortunate fact that, despite bitcoin's reputation in the press, its users currently leak large amounts of personal information. It is distressingly easy for someone to learn about your balance, trading history and more. Protecting this information is a basic function of any useful financial....
Coinbase CEO Brian Armstrong argues that privacy advocates could gain the most from compliance since it will make them rich. But could non-compliance be even more lucrative for Bitcoin? Compliance Will Make Who Rich? Armstrong defines compliance as “working with regulators, law enforcement, banks, etc.” and touts the fact that as much as 20% of Coinbase....
The European Union (EU) has been working on plans to fight against tax avoidance strategies since the Panama Papers scandal in May, where leaked documents exposed how the rich and powerful use tax havens to hide their wealth. Biggest Leak in History. The Panama Papers release was the largest document leak in history, far larger than the U.S. military....
Google has shared some details of its web3 and blockchain strategies. “As a company, we are looking at how we might contribute to the ecosystem and add value,” said Sundar Pichai, the CEO of Google and its parent company, Alphabet Inc. Google’s Web3 and Blockchain Strategies The CEO of Alphabet Inc. and its subsidiary Google, Sundar Pichai, shared some information on the group’s blockchain strategy during the company’s Q4 earnings call last week. Pichai was asked about his view on web3 and Alphabet’s approach to the industry. “Anytime there....