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Legal aspects of BitShares

Started by Anders, August 23, 2014, 09:02:44 AM

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Anders

Oops. I see now that there is a child board called Legal. I looked for something like that but obviously missed it.

Anders

As I understand it, a certain amount of bitshares can represent say one U.S. dollar. Such bitshares are only related to the USD by people reaching a consensus. From a legal and regulatory perspective, are these kinds of bitshares separate from how ordinary money is regulated by governments? And what about legal regulations for dealing with company shares and stock markets? That's a heavily regulated area. Will bitshares be regulated in the same or similar way as ordinary shares in a company?

And even if the bitshares represent other things than money, will they be regulated by governments?