The U.S Department of the Treasury’s Office of Foreign Assets Control (OFAC) has published guidance to aid members of the virtual currency industry (ranging from tech companies to brokers to users) in complying with OFAC requirements. OFAC defines “virtual currency” to encompass non-sovereign, non-fiat currencies that can be used as a store of value or as a medium of exchange—a category inclusive of most cryptocurrencies, including common tokens such as Bitcoin or Ether.… More
Category Archives: Blockchain
Editors’ Note: The following article was originally published as part of Lex Mundi’s Blockchain Whitepaper Series, which you can find here.
What data privacy concerns should practitioners have relating to blockchain technology? Answering the question involves understanding first the personal information implicated by a specific blockchain application, and then analyzing the relevant legal regimes that govern the personal information.
Data privacy does not implicate all information,… More