Distributed Creativity by Marcus O’Dair

Author:Marcus O’Dair
Language: eng
Format: epub
ISBN: 9783030001902
Publisher: Springer International Publishing

Token sales present a particular challenge, since they offer no investor protection and may be fraudulent (FCA 2017). There is also the vexed question of precisely which cryptographic assets do, and do not, qualify as securities. There are a whole range of possible regulatory responses (Kaal 2018) and different countries are taking different approaches, for instance in terms of the regulation of cryptocurrency exchanges . In general, in fact, the attitudes of governments towards blockchain technology is varied (Kaal 2018, p. 22). ‘As long as the position of regulators is not clarified,’ Mougayar (2016, p. 77) suggests, ‘confusion and uncertainty will continue to exist for everyone involved in the blockchain space’. In our interview, Publica CEO Josef Marc raises the fact that potential users in India are unable to participate because they are prohibited from holding cryptocurrencies.

In the UK context, finally, Brexit is a particular legal (as well as political) concern, as Blokur’s Phil Barry notes in our interview:O’Dair:

What one step could policy-makers take to promote the adoption of blockchain technology in the creative industries in what you would consider a positive manner?

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