Archive | op-ed

Op Ed: The SEC Is Watching Cryptocurrencies, So Beware — But Don’t Overreact

A startling trend has recently emerged in the cryptocurrency industry. Since July 2017, the U.S. Securities and Exchange Commission (SEC) has regularly begun asserting itself in this space. It has taken various actions against several companies relating to their Initial Coin Offerings, or “ICOs,” or other cryptocurrency activities. It investigated The DAO, an online corporation, […]

Op Ed: How the Blockchain and Distributed Ledgers Will Transform the Real Estate Market

In its “Distributed Ledger Technology: Beyond Block Chain” report published in 2016, the U.K. Government Office for Science deemed the impact of blockchain and other distributed ledger technologies (DLTs) “probably as significant” as foundational events such as the creation of the Magna Carta and the steam engine.In the real estate market, the introduction of blockchain technology […]

Op Ed: Where Pseudonymous Cryptocurrency Transactions Meet AML Reporting Requirements

Two months ago, the U.S. Treasury’s Financial Crimes Enforcement Network (“FinCEN”), working with the U.S. Attorney’s Office for the Northern District of California (“USAO”), assessed a civil money penalty of over $110 million against BTC-e (aka Canton Business Corporation) for willfully violating U.S. anti-money laundering (AML) laws. Alexander Vinnik, a Russian national who was one […]

Bitcoin-Friendly Companies Enter the Flying Taxi Business

The smartest minds and smartest companies in the world are not only dealing with cryptocurrencies, but they are also bringing synergetic forces to finance a wide range of amazing solutions. One of these solutions: reducing travel time and solving traffic jams. For example, companies such as Tencent and Freigeist are funding Lilium, a German start-up […]

Op Ed: China’s ICO Ban Is Characteristic — Not Catastrophic

The crypto market, especially in China, has been in a panic in these past few days, largely because of an official notice on Preventing Risks of Fundraising Through Coin Offering, jointly issued by the People’s Bank of China (PBOC), the Cyberspace Administration of China, the Ministry of Industry and Information Technology, the State Administration for […]

Op Ed: Beware the Perils of Over-Regulation for ICOs

Last week, the U.S. Food and Drug Administration (FDA) approved the gene drug Kymriah for certain types of cancer. However, Kymriah costs $475,000 for one single treatment, Bloomberg reports, which is well beyond being affordable for average patients.In the U.S., the FDA approval process itself adds billions of dollars to drug development costs, which pharmaceutical […]

Bitcoin and Nvidia Price Soar in Sync

The stock price of chipmaker Nvidia and the value of Bitcoin continue to skyrocket almost in sync. These two technology disruptors, in their respective fields, are propelling amazing technological and economic changes. Their significance is being clearly reflected in the financial markets, as the values of both NVDA and BTC reach all-time highs. Also read: […]

Op Ed: Planning an ICO in Canada? Here are 10 Regulatory Points to Ponder

Canada’s securities regulators are paying attention to ICOs. Last week they released a guidance document that explains their approach to token sales/ICOs/ITOs/crowdsales, officially titled “CSA Staff Notice 46-307: Cryptocurrency Offerings.” Here is what this notice means and what it doesn’t mean.In the press release that accompanied the Staff Notice, Louis Morisset, the chair of the […]