24 June 2013
Bitcoin – legal tender of the future or fad? UPDATE
Further to our recent blog (see Bitcoin – legal tender of the future or fad?), Forbes reported yesterday via contributor Jon Matonis, who sits on the Board of Directors of the Bitcoin Foundation in California, that California’s Department of Financial Institutions (DFI) issued a cease and desist letter to the Bitcoin Foundation. The Foundation is accused of engaging in money transmission without obtaining a licence or proper authorisation to do so under the California Financial Code and is warned to desist in doing so. Violating the California Financial Code can lead to criminal prosecution resulting in a fine and/or imprisonment as well as civil fines.
13 June 2013
The Snooper’s Charter – an unwelcome erosion of civil liberties?
If you are an avid Question Time watcher, you will have seen the recent debate on the resurrection of the Communications Data Bill, aka the Snooper’s Charter. The debate follows the recent murder of Lee Rigby in Woolwich and the bombings in Boston, both linked to terrorism.
4 June 2013
Bitcoin – legal tender of the future or fad?
Bitcoin (BTC) is the world’s newest currency, pushing the Euro out of that coveted spot. It is not your traditional currency however; it is a digital, decentralised currency based on open source.
16 May 2013
Malice through the looking glass
“Google Explorers” are, as you read this, walking around modelling and testing Google’s Glass having paid circa $1500 for the privilege. Glass comprises frameless glasses with a tiny computer screen fitted just above the user’s right eye which projects emails, maps, texts, takes pictures and films at a voice command. You may think this sounds a little Minority Report-esque, but these glasses are due to go on sale next year.
13 May 2013
Crowdsourcing - a great concept but are you aware of the legal risks?
Crowdsourcing is, as its name suggests, outsourcing work to a crowd. Crowdsourcing is not to be confused with crowdfunding, which is raising capital from a crowd.
