Currency and Securities in the New Age: Bitcoin and Cryptocurrencies

What is Bitcoin? Bitcoin is a decentralized electronic payment system, created in 2009 by Satoshi Nakamoto.[1] Not backed by any governmental entity, Bitcoin is completely electronically created and stored.[2] It is a form of “cryptocurrency”, which is currency that uses encryption and is stored on peer-to-peer technology.[3] Transactions are recorded using blockchain, which is an

Takeaways from the Congressional Examination of ICO’s and Cryptocurrency Markets

The Committee of Financial Services met with Congress this week to examine the economic efficiencies of Cryptocurrency and ICO Markets. From these discussions, Congress will be tasked with balancing the needs of investor protection, efficient markets, and technological innovation as they propose new regulations to guard this new area of capital formation.  As Congress determines