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Virtual currency and blockchain (VC&B) technology are becoming an important component of the global financial system.
The US Securities and Exchange Commission (“SEC”) has brought several cases against virtual currency issuers and public companies that have touted their involvement with blockchain technology.
Blockchains and distributed ledger technology (‘DLT’) are becoming increasingly prevalent in industry. A recent Juniper Research survey found that 56% of companies with more than 20,000 employees were either considering deploying, or were in the process of deploying, blockchain solutions.