A blockchain is a cryptographically secured ledger. According to the United States District Court Southern District of New York in SEC v. Binance Holdings Limited, a blockchain uses cryptographically secured technologies to ensure the...
CRYPTOCURRENCY
(LIIBULLETIN preview)
In January 2018, David Suski opened a Coinbase account. Suski v. Marden-Kane. Upon opening his account, Suski agreed to the arbitration provision listed in the Coinbase User Agreement. Suski v. Coinbase. The User Agreement’s arbitration provision...
(Wex page)
Convertible virtual currency (CVC) is a category of virtual currency. One subcategory of CVC is cryptocurrency. The key lies in its convertibility. Both the IRS and FinCEN have defined CVC in two dimensions:
Whether its value is... (Wex page)
Federal courts and federal governmental agencies hold the view that cryptocurrency is a subcategory of virtual currency. Yet, there is no single definition of virtual currency or cryptocurrency at this time. In fact, the term cryptocurrency...
(Wex page)
The definition of distributed ledger technology (DLT) appears in federal legislation, such as 42 U.S.C. § 19222, in state legislation, such as in Arkansas and Tennessee, as well as in reports published by the U.S. Government Accountability...