Just looking at creating a colored coin that would represent equity shares in a company. One way to comply with SEC regulations is if shares of a company can only be sold after 1 year. And any sale of that share beyond that also needs to be held a year.
Since you're looking broader than just Bitcoin: Byteball offers regulated assets:Quote
Regulated assets
Regulated institutions can issue assets that are compatible with KYC/AML requirements. Every transfer of such asset is to be cosigned by the issuer, and if there is anything that contradicts the regulations, the issuer won't cosign.
You can probably set up a bot to handle sales-requests (but I can't tell you how exactly).Regulated institutions can issue assets that are compatible with KYC/AML requirements. Every transfer of such asset is to be cosigned by the issuer, and if there is anything that contradicts the regulations, the issuer won't cosign.
No, you can't do that with Bitcoin. Once the funds are spent, they have nothing to do with their past transactions anymore. When you make a transaction, you can specify whatever the rules of unlocking those funds you want, as long as you can unlock them.
If it is possible in your implementation, you can simply specify that all the transactions have to use nLockTime with a month of delay, otherwise those coins are effectively burned, or uncolored.
That makes sense. They have value due to some external definition not by having value itself.
Either way, this is likely not the road we would take but it needs to be checked off the list. The SEC sucks balls.
