The need for licensing/registration will depend upon the details of how the coin is handled. Specifically, the regulatory issues will turn on who has custody and control of the coin, when, and for what purpose.
No easy answers here, unfortunately.
Topic: Block chain Escrow / On-Chain Escrow -Regulatory Compliance of Escrow ? (Read 2937 times)
July 31, 2013, 11:57:25 AM
July 31, 2013, 08:17:11 AM
"Live auctions will use blockchain escrow. On-chain escrow will enable refunds (i.e. release of escrow) without fees. The stroke of genius is that since the money is not held by the merchant or platform, but rather by the blockchain itself, this reduces if not eliminates fiduciary risk and likely the regulatory compliance requirements (e.g. money transmitter licenses) for facilitating escrow transactions. "
From Bitcoin's Watershed Moment
http://bitcoinmagazine.com/bitcoins-watershed-moment-an-open-source-cryptocurrency-ecosystem/
From Bitcoin's Watershed Moment
http://bitcoinmagazine.com/bitcoins-watershed-moment-an-open-source-cryptocurrency-ecosystem/
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