Cryptocurrency and NFTs Legal Requirements
Legal issues around crypto and NFTs. Copyright, Trademarks, Licensing, Know Your Customer Comliance, Taxation, Privacy and Data Protection, Smart Contract Security and Regulatory Landscape.
LEGAL CRYPTO INSIGHTS
This guide provides an overview of key legal considerations that individuals and businesses should be aware of when engaging in cryptocurrency-related activities.
EARN CRYPTO and NFTs
Getting started with Bitcoin and other cryptocurrency? DeFi, Metaverse, GameFi, P2P games, NFT, DAO, Staking…no idea what’s going on?
WHAT IS BITCOIN
Bitcoin is a cryptocurrency, a new kind of money, and an innovative payment network. It was invented in 2008 by Satoshi Nakamoto (an unknown person or group of people). Bitcoin uses peer-to-peer technology to operate with no central authority or banks, and it is the first decentralized currency based on blockchain technology.
There are no physical bitcoins. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin. Bitcoins are created as a reward for a process known as mining.
Bitcoin got very popular and has triggered the launch of hundreds of other cryptocurrencies known as altcoins.
Bitcoin is often referred to as digital gold. It’s increasingly attracting investors’ interest because it is the most profitable financial asset in the last 10 years.
A cryptocurrency (or “crypto”) is a digital currency (digital asset) that can be used to buy goods and services (a medium of exchange). One of the main differences from real money (USD, EUR) is that cryptocurrency uses an online ledger with strong cryptography to secure online transactions. Cryptocurrencies typically use decentralized control, and they work through distributed ledger technology, typically a blockchain. There’s no need for an intermediary.
Bitcoin is the first successful internet money based on blockchain and decentralization. It can operate without the need of a central authority like a central bank or a company.
Ethereum is a global, open-source platform for decentralized applications. Dapps built on Ethereum includes token, non-fungible tokens (NFT), DeFi, lending protocol, decentralized exchanges.
Binance Coin (BNB) is an exchange-based token created by the cryptocurrency exchange Binance. It was designed to be used to pay discounted fees on the Binance and also function as the native token powering the Binance Chain.
“Bitcoin was the first internet money in the world. Then when you realize that money is the greatest social network of all, Bitcoin is maybe the greatest social network of all also.”
– Tyler and Cameron Winklevoss
“I should have bought [bitcoin] eight years ago … I do at this point think bitcoin is a good thing. I am a supporter.”
– Elon Musk
So 1 btc 500k $ within 3years? “if not, I will eat my dick on national television.”
– John McAfee (Twitter status, 2017)
“I think the market is beginning to become more mature. I think in any nascent market you get that volatility and those risks that are associated with it.”
– Goldman Sachs
Bitcoin will increase ten times from here by end of 2022 or early 2023″
– Tim Draper (27. 12. 2020)
“I don’t own any cryptocurrency and I never will.”
– Warren Buffett
Buy Bitcoin, Ethereum and other cryptocurrencies
Buying bitcoin or other cryptocurrencies is very easy nowadays. Learn how to buy crypto just in four steps.