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Legislative Proposal Addresses Use of Blockchain Technology by Delaware Corporations

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The Corporate Council of The Corporation Law Section of the Delaware State Bar Association has prepared proposed amendments to the Delaware General Corporation Law to facilitate the use of block chain technology for stockholder records. Blockchain, also known as distributed ledger technology and typically associated with the use of Bitcoin... Read More

Topics: Blockchain Technology

Newest MNvest Crowdfunding Portal To Rely on Blockchain Technology

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An equity and debt based crowdfunding portal built on Blockchain technology is set to begin offering crowd-sourced financing opportunities to non-accredited investors under Minnesota’s MNvest crowdfunding legislation. Silicon Prairie Online is the second platform available for interstate crowdfunding under MNvest, following the approval of Venture Near’s crowd-funding portal by the... Read More

Topics: Blockchain Technology, Crowdfunding

SEC Opinion Examines Reasonable Belief and Accredited Investor Status

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The SEC opinion In the Matter of Joseph P. Doxey examines compliance with Rule 506 in an alleged unlawful offering of stock totaling $57,654. The administrative law judge on summary disposition determined that Mr. Doxey had violated the registration provisions of the Securities Act when he orchestrated unregistered offers and... Read More

Topics: Blockchain Technology, Litigation, Public Companies and Securities

Limitations on Blockchain Technology

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Blockchain shows great promise for certain applications in the financial services industry, including securities clearance and settlement. Given all of the recent publicity, one has to consider the Gartner “hype cycle.” Some recent articles discuss drawbacks for the use of blockchain technology in the securities settlement business. Scalability Bitcoin has... Read More

Topics: Banking, Blockchain Technology

Nasdaq Finds Another Use for Blockchain Technology

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Nasdaq and the Republic of Estonia have announced that Estonia’s e-Residency platform will be facilitating a blockchain-based e-voting service to allow shareholders of companies listed on Nasdaq’s Tallinn Stock Exchange, Estonia’s only regulated securities market, to vote in shareholder meetings. The country’s e-Residency platform is an electronic identity system used... Read More

Topics: Blockchain Technology