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Blog

If You Build the Blockchain, Regulators Will Come

The hardest part of drafting any new regulation is establishing a definition. In fact, most of the policy work is in the definition and there are alarmingly few policy considerations after something is defined as a covered entity. The definition of cryptocurrency has already proved problematic for regulators. Essentially, to commodities regulators, virtual currency is a commodity. For bank regulators, it is a bank. For securities regulators, it is a security. For those who regulate money transmitters, it is a money transmitter. For the purpose of property taxes, it is a property. Everyone wants a stake in the new world of virtual currency.

07/12/2016
Stanford Kills Popular Course on Free Market
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Blog

Stanford Kills Popular Course on Free Market

Universities have long been considered hotbeds of liberalism. Radical protests, dreary PC speech codes, far-left professors and outright attacks on conservatism are not just common but expected. Academia has become so stridently left-wing, faculty views even a single ember of center-right thought as a dangerous wildfire.

03/23/2013