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In September 2018, the French Data Protection Agency, the Commission Nationale de l’informatique et des Libertés (CNIL) published a report explaining how Blockchain relates to the GDPR (“Report”). In particular the Report highlights the following. WHO IS THE CONTROLLER IN A BLOCKCHAIN TRANSACTION. Users of the web who decide to submit a transaction to the validation […]

On March 6, 2018, the U.S. District Court for the Southern District of New York found that the Commodity Futures Trading Commission (CFTC) has standing to exercise its enforcement power over fraud related to virtual currencies sold in interstate commerce. According to the facts, Defendants offered fraudulent trading and investment services related to virtual currency. “Virtual […]

The Attorney General of South Carolina served a cease and desist order on Genesis Mining, which is one of the major operators of cloud mining. Cloud mining enables users to mine cryptocurrencies without managing the hardware because the mining rigs are housed and maintained by the cloud mining company. The user registers with the company […]

On September 20, 2016, NYU Center for Cybersecurity hosted Follow the Money: Fighting Cybercrime in the Digital Underworld. The program was very engaging and the panelists brought to the table expertise in different fields to discuss the reality of cybercrime. Their conclusion was that cyber-criminals remain individuals motivated by money, hence the title of the lecture. Deterring […]

The author discusses “one of the main issues affecting public blockchain [which] is the inability of controlling and stopping its functioning”. Does this “mean that none is liable for illegal activities performed through a DAO? Or on the contrary, the mere participation to the DAO creates a dristributed liability of all its participants as a […]

by Kenneth N. Rashbaum A ransomware attack forced the shutdown of MedStar Health computers and email systems on March 29, The Washington Post reported. Nurses contended that the shutdown affected treatment and created patient safety issues. The records and email systems were shut down after employees reported seeing pop-up messages on their screens demanding payment in bitcoin […]

A ransomware attack forced the shutdown of MedStar Health computers and email systems on March 29, The Washington Post reported. Nurses contended that the shutdown affected treatment and created patient safety issues. The records and email systems were shut down after employees reported seeing pop-up messages on their screens demanding payment in bitcoin in exchange for […]

On July 17, 2014, New York (New York State Department of Financial Services (DFS) published the first draft of the BitLicense regulatory framework for virtual currency companies. See news.  The framework will be revised based on the feedback received and finalized possibly by late 2014 or early 2015. See news. The original 45-day notice and […]

On July 17, 2014, New York (New York State Department of Financial Services (DFS) published a first draft of regulations (including license requirements) for businesses operating Bitcoin services, i.e. those companies receiving or transmitting virtual currency on behalf of consumers, storing virtual currencies or providing exchange services, companies buying/selling virtual currencies as a customer business; […]