Crypto Currencies
Overview
Crypto currencies are technology that was built to function as a form of
money.
Traditional modern currencies mostly function by way of an
intermediary
, the bank. The bank keeps of ledger of accounts that
tracks how much money each account holder has. When a payment is made from one account to another, the bank is responsible
for updating the balances of each account.
A crypto currency sets up a public ledger (typically using
block chain technology).
The ledger is designed so that changes to it can be made only by agreement of servers hosting the ledger. That is,
there is no central party that maintains the ledger
Crypto and Securities Law
Crypto Currencies and the law is an area that is actively evolving . As long as the currency is not endorsed by the state,
it will not act as official currency, even though it may function like a currency. As a store of value and
a mechanism of possible return, crypto currencies may be subject to
Securities law.
Analysis Forecasting and Trading
