Liabilities of Embedded Content Threaten Blockchain Integrity

Ms. Salehpour has authored an article published in Blockchain Beach that discusses how legal liabilities associated with embedded content can threaten blockchain integrity. While blockchains are currently used for accounting of transactions, entries on blockchain ledgers can include embedded content such as messages or pictures. This embedded, and sometimes encrypted content, which is recorded in a blockchain is an area where legal issues abound and create potential liability for all blockchain users even when unaware of the embedded data. For example, one area of concern is protection of copyrights in such decentralized systems where copyrighted materials can be pirated through embedding in

Which Spouse Has Rights To Digital Currency Assets After Divorce?

Ms. Salehpour has authored an article published in Blockchain Beach that discusses spousal rights to cryptocurrency assets after divorce. A developing issue as more and more individuals hold Digital Currency assets is the treatment of this new asset class in situations of divorce. Particular issues are how those assets will be treated by the law and how they will be divided up between the spouses. By way of background, in California, marital assets are divided into community property and separate property. As a simplified explanation, community property consists of shared assets, including what is earned during marriage, while separate property consists of assets gained before marriage, inhe

Some Common Misconceptions about Blockchains and the Law

Ms. Salehpour has authored an article published in Blockchain Beach that discusses misconceptions some blockchain enthusiasts have about blockchains and their interplay with the law. Given the increased transparency in decentralized systems, some Blockchain enthusiasts have assumed that distributed ledger entries will always be accurate and that legal disputes will no longer occur (or happen less frequently). They fail to realize that legal issues will actually be more complicated. While a key feature of Blockchain technology is immutability, there is nothing preventing incorrect data in a transaction, whether by error or fraud. For example, say there is a blockchain tracking supply chain.

Can Courts Order Forks in Digital Currencies?

Ms. Salehpour has authored an article published in Blockchain Beach about this new legal issue that will have to be faced as Blockchains become more widely used. In a recent class action lawsuit filed in the Eastern District of New York, Brola v. Nano f/k/a RaiBlocks et al., a fork is the exact relief sought by the plaintiff. Plaintiff Brola, a Nano (formerly RaiBlocks) investor, alleges securities violations and fraudulent representations by Nano and it founders arising from the $170 million in Nano stolen from a Digital Currency exchange called BitGrail in February 2018. The interesting point is that, in addition to damages, the plaintiff seeks a court-ordered “rescue fork” to compensate t

SALEHPOUR LEGAL CONSULTING

Los Angeles, CA 90025, USA

  • Instagram - White Circle
  • Twitter - White Circle

©2018 by Salehpour Legal Consulting

 

Disclaimer

This Blog/Web Site is made available by the lawyer or law firm publisher for educational purposes only as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this site you understand that there is no attorney client relationship between you and the Blog/Web Site publisher. The Blog/Web Site should not be used as a substitute for competent legal advice from a licensed professional attorney in your state