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Control as Liability: Don’t Build Applications that Centralize Controlby@Vitalik
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Control as Liability: Don’t Build Applications that Centralize Control

by Vitalik Buterin5mMay 25th, 2019
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The regulatory and legal environment around internet-based services and applications has changed considerably over the last decade. Privacy laws have been passed, most aggressively in Europe but also elsewhere, but the most recent is the GDPR. FINCEN guidance attempts to clarify what categories of cryptocurrency-related activity are and are not subject to regulatory licensing requirements in the United States. Sharing economy companies such as Uber are having a hard time arguing to courts that, given the extent to which their applications control and direct drivers’ activity, they should not be legally classified as employers.

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