THE LEGAL AND REGULATORY ASPECTS OF BLOCKCHAIN AND ICOS
After reading Parts 1 and 2 you should have a basic
understanding of how blockchain works, and the purpose it serves in
recording and facilitating peer-to-peer (P2P) transactions for a
multitude of online transactions. As with any trade or service,
these blockchain platforms, and the Initial Coin Offerings (ICOs)
used to fund their development, do not exist in a legal vacuum.
It is important to really look at the features of the coin or
token you are interested in releasing or buying into, as this will
determine the level of regulatory scrutiny it will be subject
to.
REGULATION IN AUSTRALIA AND INTERNATIONALLY
The increasing prevalence of legitimate uses of cryptocurrencies
and tokens in the corporate world, particularly ICOs, has attracted
the attention of regulatory bodies across the globe.
