Search
 

A Market with ‘Zero Regulation’: Experts Disagree on Regulator Role in Cryptocurrency

Some view the regulatory environment around cryptocurrency as burdensome, others nonexistent.

By Ian Lopez | Updated on July 24, 2017
L to R: Joshua Klayman, co-chair of Morrison & Foerster’s Blockchain + Smart Contracts Group; Jae Kwon, co-founder, All in Bits, Cosmos, and Tendermint; Nick Chirls, founder & partner, Notation Capital; Subhankar Sinha, Co-Founder, PwC’s Global Blockchain Practice, Emma Channing, General Counsel, The Argon Group; Greg Murphy, Partner, Outlier Ventures; John Tabacco, Co-Founder, T0, and President, Rev4, during a panel discussion titled “Blockchain for Bankers: ICOs and Similar Investments” at Morrison Foerster in New York.

Say you wanted to open an amusement park. Rather than meeting with investors, the creator can presell “tokens” for guests to play in the park, then continue issuing them as time goes on, using the money to build the amusement park. What’s more, you’ve also created a secondary market for trading those tokens for actual use in the park.

This is typically how PwC global blockchain practice founder Subhankar Sinha explains cryptocurrency, a financial system built upon blockchain technology. At a July 20 event at Morrison & Foerster’s New York offices, Sinha joined a panel of experts from law, finance and technology to discuss how initial coin offerings (ICOs), the raising of funds for cryptocurrency projects, are impacting the way organizations are funded. And while this approach to funding is increasingly popular, it’s raising concerns among everyone from technologists to lawyers in addressing regulations.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.