The use of blockchain technology by game companies is nascent but growing. As a transaction based-technology, blockchain is well suited to manage in game economies through tokenized game assets and the use of cryptocurrency for payment. This also provides a
Law of The Ledger
Legal Issues with Blockchain and Cryptocurrency
Law of The Ledger, published by Sheppard, Mullin, Richter & Hampton LLP, focuses on legal developments and regulatory issues related to digital assets, blockchain technology, cryptocurrency, and fintech. The blog covers topics such as federal and state regulatory actions, digital asset custody, national trust bank charters for crypto firms, insider trading and fraud cases involving NFTs and cryptocurrencies, and the evolving legal landscape for online gaming and sweepstakes. It also addresses compliance challenges, enforcement trends, and the intersection of traditional financial regulations with emerging digital asset business models.
Latest from Law of The Ledger - Page 11
Office of the Comptroller of the Currency Affirms Authority of a National Bank to Provide Cryptocurrency Custody Services
By Sarah Aberg & Shane Killeen
The Office of the Comptroller of the Currency (“OCC”) recently signaled its approval for banks to fully wade into the cryptocurrency custodian space. On in a July 22, 2020 interpretive letter, the OCC concluded that a national bank may…
Fans Get Kick Out of FC Barcelona’s Crypto-based Fan Token
By James Gatto
As another example of crypto tokens going mainstream, team Barcelona sold 1.2 million euro worth of fan tokens in less than two hours. The 600,000 tokens were sold at a fixed price of 2 euro, and are tradeable on Socios.com…
Is Esports Betting Sports Betting in Iowa?
By James Gatto
Under Section 99E: a “Fantasy sports contest” includes any fantasy or simulated game or contest …” and 99E.2 states: “The system of entering an internet fantasy sports contest as provided by this chapter is legal when conducted by a licensed…
Google Partners with Theta Labs as Validator Node
By James Gatto
As part of a multi-faceted deal, Google will become a validator node for Theta’s Mainnet 2.0. As part of the deal, Google Cloud will become Theta’s preferred cloud provider. Theta also plans to further collaborate with Google’s artificial intelligence, machine-learning…
The United States-Mexico-Canada Agreement – Paving the Way for a Cross-Border Fintech Sandbox
Key Takeaways
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FinCEN Director Addresses COVID-19 Related Virtual Currency Issues at Consensus Blockchain Conference
By Sarah Aberg & Shane Killeen
On May 13, 2020, Financial Crimes Enforcement Network (“FinCEN”) Director Kenneth Blanco delivered remarks to the Consensus Blockchain Conference regarding the agency’s recent observations in connection with virtual currencies, including the current risks of criminal exploitation of virtual currency, significant…
Cryptocurrency Miners I“rate” At Energy Rate Decision
By James Gatto
A Washington state federal court recently addressed claims relating to rates that cryptocurrency mining companies pay for electricity in Grant County, Washington. The court rejected all of the miner’s legal claims. The dispute focused on the rate classification that this…
Powered by Blockchain
By James Gatto
A recent report indicates the use of blockchain technology in the energy sector is continuing to grow. According to the report, the global market for this use of blockchain technology is anticipated to grow at a CAGR of 52.9% during…
Open Source-ish! What Defines Open Source and Why it Really Matters in Investments and Acquisitions
The number of different open source licenses is growing and the variation in their terms and complexity is increasing. A number of licenses that appear to be, or are commonly referred to as “open source” do not actually meet the…