Steven HopkinsMedici Ventures, Inc.
Cryptocurrency and
Blockchain Law
Bitcoin
https://blockchain.info/charts/
n-transactions
Bitcoin Transactions
Private Key
Public Key
Bitcoin Transactions
Blockchain – how it works
Consensus – ALL THE TIMEImmutability Ability to prove Existence - ANCHORING
Blockchain TransactionsVerifiable History of OwnershipCertain and Immediate SettlementTrust Institutions not Required
Use CasesMoney and Banking
Use CasesInternational Payments and Trade
Use CasesLand Titling
11
Use CasesSecurities Trading and Settlement
Hedge FundBroker/Dealer Broker/DealerInvestor
Cede & Co.
Actual
SharesShare
Entitlements
Use CasesSecurities Trading and Settlement
Dole Food Had Too Many SharesIt's enough to make you wish for a blockchain.By Matt Levine
28 February 17, 2017, 8:00 AM MST
Legal and Regulatory IssuesJurisdiction and Enforcement
https://bitnodes.21.co/
Legal and Regulatory IssuesWhat is Cryptocurrency?
or or
Legal and Regulatory Issues
Anti-Money Laundering / Know Your Customer Regulations
Legal and Regulatory Issues
Money Transmitting Business Laws
Cryptocurrency Markets
Utility/App CoinsLike a Coupon or Voucher
Can value the Product
Security CoinsLike Equity in an Investment Fund or Startup
Based on the Value of the Companies
Traditional Valuation Methods
Market
Approach
Income
Approach
Asset
Approach
Traditional Valuation Methods£3.19
HK$19.20
Peso 49.00
¥380.00
€3.91
$5.30
= ???
Currency CoinsExchanges that Trade
Volume of Transactions
Developer Attention
Size and Stability of Network
Cryptoasset Legal Issues
Security? Utility or App Token?
Platform or Currency? Token
Blockchain Related Patent Trends
Patent Applications Filed
0
100
200
300
400
500
600
700
800
900
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Published Filings Trend
Issued Patents (on applications filed since 2008)
0
20
40
60
80
100
120
140
2010 2011 2012 2013 2014 2015 2016 2017 (prorated)
The Impact of Alice on Blockchain