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Blockchain and Government: The Balancing Act

September 11, 2017

This past Monday, we saw China institute a temporary ban on Initial Coin Offerings and delist many blockchain tokens from publicly traded exchanges. China’s decision drove markets into a short-term panic and saw the value of bitcoin drop over 10% in less than a day. While the day-to-day changes in the price of bitcoin (a decentralized currency with roots in libertarian ideals) and other alternative blockchain-based tokens will not ultimately determine the future potential and application of this emerging technology, the China ban did bring into focus the relationship and tension between government and blockchain technologies. 

 

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