Category: Government

An Even-handed Approach to Crypto-Assets

IMF Blog, Christine Lagarde | Apr. 16, 2018
The advance of cryptocurrencies could make the global financial system safer—despite the risk of “inevitable” accidents waiting to happen, according to IMF’s Christine Lagarde. “…[P]olicymakers should keep an open mind and work toward -an even-handed regulatory framework that minimizes risks while allowing the creative process to bear fruit,” wrote Lagarde.

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ICOs: Complying with U.S. Securities Laws & Tax Issues

MBS Blockchain + The Law | Apr. 11, 2018
View Michael Best’s Blockchain Team Webinar and access the presentation slides to learn about the securities laws applicable to Initial Coin Offerings and recent actions taken by SEC and plaintiffs’ attorneys against ICO issuers.

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22 Countries Sign Declaration For EU Blockchain Partnership

Press Release, European Commission | Apr. 10, 2018
Despite billions of dollars invested in blockchain technology and enormous hype about the technology, the technology’s encryption and public ledgers have not yet found a viable use case, according to Institutional Risk Analyst’s Chris Whalen. “It’s far from clear that blockchain technology is the right form of solution” wrote Whalen. “We continue to believe that the blockchain is a solution in search of a use case.”

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Harvard Kennedy School and Bank of America Announce The Council on the Responsible Use of Artificial Intelligence

Bloomberg Law Code & Conduit, Dean Garfield | Apr. 10, 2018
It may be too early to regulate the robots. But the U.S. government needs to play a big part in the rollout of artificial intelligence to make sure it benefits society, Dean Garfield, president and CEO of ITI told Bloomberg Law. “Whether you call it collaboration or national strategy, I think some exercise aimed at motivating the country to recognize the importance of AI is critically needed,” Garfield said.

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