OpSec and the Bitcoin business

There are a number of specialist topics in organisational OPSEC and concepts that need to be defined before going into detail. These include: Trusted Computer Base (TCB). The totality of...

Posted on 2018-10-23

Non-Repudiation — Does this exist?

There is a definitional distinction between the legal use of the term “non-repudiation” and the common use that has taken hold within IT. In legal terminology an alleged signatory to a document is...

Posted on 2018-10-22

Phases of the Bitcoin system

The Bitcoin system may be broken down into the following “phases”: Mining; Holding Bitcoin; and Transferring Bitcoin. Each of these phases are discussed in turn below. (a) Mining In its May 2013...

Posted on 2018-10-20

Rights as property

In its simplest form, a bitcoin transaction involves the creation of an entry in a ledger. The value on the ledger is updated such that the original holder of a cryptographic private key is...

Posted on 2018-10-19

Monetary transfer and transmission rules

The exchange of bitcoin for other currencies clearly comes under existing AML[1] regulations, and where an exchange[2] has been used as a part of this process, KYC[3] requirements will still...

Posted on 2018-10-18

Foreign-exchange considerations & Bitcoin

The inherently international nature of Bitcoin lends its use to the requirement to account for foreign-exchange valuations. This does not even need to be associated with international...

Posted on 2018-10-17