Blockchain-based initial coin offerings chart uncertain legal terrain

February 2018
ABA Journal

No regulator has defined cryptocurrency as fiat currency, the money minted by governments.

Peter Van Valkenburgh, research director at the cryptocurrency think tank Coin Center, says this mélange of definitions may seem confusing, if not contradictory, but it is not.

He explains that blockchain, bitcoin and Ethereum should be thought of like the internet. “The internet never got classified as one thing, but the use of the internet could trigger different laws and agencies,” he says.

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