A new working group has been launched by the state’s chief securities regulator in Massachusetts as an effort in clearing the uncertain regulation for blockchain. The CEO of Boston-headquartered cryptosecurity start-up, Sharon Goldberg explained, “I personally wouldn’t be doing this if all that was going to come out of it was more enforcement action, but we first need to know what the rules are.”
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A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.
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