May 2017
Beginner
240 pages
5h 3m
English
Content preview from Blockchain For Dummies
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Chapter 18
The Ten Rules to Never Break on the Blockchain
IN THIS CHAPTER
Discovering your legal vulnerabilities
Understanding the technical shortcomings of blockchains
Identifying thieves best points of attack on your systems
Developing your security best practices
In this chapter, I dig into the things you should take into account while working with blockchain technology and the cryptocurrencies that run them.
Don’t Use Cryptocurrency or Blockchains to Skirt the Law
The legality and the legal zoning of cryptocurrencies are still fluctuating in many places of the world. I’m not kidding when I tell you to talk to your CPA and your attorney. It will be money well spent and will keep you out of trouble.
Here are three very silly questions that I get asked frighteningly often:
- Can I use cryptocurrency as a way to hide money? This idea ...
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Always consult your CPA and attorney before making financial decisions. This technology is new, and the rules that govern it are not fully developed.