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Author: steven

 > Articles posted by steven

The European Union Shakes the Regulation on Privacy

gdpr

The new regulation with global repercussions will act from May 25. The data analysis aims to convert them into information. The fact that these data are considered significant does not necessarily have to do with their size, but with the complexity to process them. Today, having access to data is having the ability to generate new business opportunities. This has led to the term "mining," which is the process of searching for valuable things in the middle of the data. The data can be originated by the use of social networks, online purchases, transmission, and the sensors used in the Internet of...

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Could the Bitcoin and other Cryptocurrencies be Regulated?

cryptoregulation

Cryptocurrencies are, potentially, a way of transferring resources among economic agents that reside outside our borders. Its regulation could only be achieved through the greatest possible international cooperation. The cryptocurrencies arose thanks to the birth of the blockchain, which is a technological option to ensure the integrity of the records through the web. Bitcoin is the first currency to use the blockchain globally, although the blockchain has been extrapolated for use in other industries beyond currencies. Bitcoin is a type of digital currency or unregulated cryptocurrency (decentralized, without a central regulatory bank), designed to avoid government controls and simplify online transactions by...

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ICO: The New Alternative to Finance Companies

fintech-ico

Some of the legal uncertainties regarding cryptocurrencies also extend to ICOs. Initial Coin Offerings (ICOs) have quickly emerged as the most popular trend in fintech financing. The initial offers of the ICOs have rapidly emerged as the most popular method of financing for fintechs. In a few words, an ICO is a fundraising method similar to an initial public offering of securities (IPO). However, in an ICO, the fundraiser uses blockchain technology - a bigger book distributed electronically and, in general, resistant to fraud, in which transactions are protocolized in a documented and reproducible manner without a central authority - to issue personalized...

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Ethereum, smart contracts and new challenges for lawyers and the Costa Rican regulation.

crypto-costa-rica

I am a lawyer, and possibly write the beginning of a requiem for our profession or, at least, for some of the faculties that we have exercised as custodians of a series of functions of trust in the preparation, execution, and resolution of wills through multilateral contracts. Technology has been in charge of showing us that we are dispensable and, worse, that things could be more efficient without the meddling of lawyers. Among these threatening alternatives for the "guild" is the Ethereum platform, which is a technological and modern response to reach an agreement between the parties, without the help of a...

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The cryptocurrencies have an international vocation

legbit

No government, in particular, owns or regulates them, thus avoiding fees for payments that cross borders Bitcoin is a type of digital currency or unregulated cryptocurrency (decentralized, without a central regulatory bank), designed to avoid government currency controls and simplify online transactions. The cryptocurrencies arose thanks to the birth of the blockchain, which is a technological option to ensure the integrity of the records through the web. Bitcoin is the first currency to use the blockchain globally, although the blockchain has been extrapolated for use in other industries beyond currencies. Bitcoin is a type of digital currency or unregulated cryptocurrency (decentralized, without a...

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Blockchain, cryptocurrencies and the challenge of not stumbling again with the same currency.

bco

 Although we hear more regularly about Bitcoin, since it became popular some years ago, other cryptocurrencies have emerged to facilitate business between companies, organizations, and entrepreneurs. By: Juan Ignacio Guzmán Fernández * Every day we read and hear about cryptocurrencies, virtual currencies and, especially Bitcoin. To understand this terminology in greater depth and, as far as possible, take advantage of the scenarios that it poses in the short and medium term, we must understand the environment in which they operate. We can say that the issue of cryptocurrencies arose thanks to the birth of the blockchain, in the nineties, which is an option...

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The Legal System in Costa Rica

crlaw

Costa Rica is a beautiful sunny country in Central America bordered by the Pacific Ocean and the Caribbean Sea on the west and east coast respectively; and also bordered by the countries of Nicaragua and Panama on the North and South coasts respectively. The Spanish speaking country runs a Democratic Republic government based on the 1949 Constitution (Constitución Politica de la República de Costa Rica) later amended in 1989. Costa Rica has a national and local government structure. Costa Rica National Government At the National Government level, there is the executive, legislative and judiciary branch. The executive comprises of the President who...

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Renting a Property in Costa Rica

btprop

Renting a property Costa Rica is bound by law that is somewhat different from that of other countries. The landlord/ tenant relationship in Costa Rica is regulated by Law 7527 also known as  “Ley General de Arrendamientos Urbanos y Suburbanos”. This law covers everything that pertains to lease or renting agreements relating to residential and commercial buildings and other constructions that can be leased out. Law 7527 does not cover or regulate hotel rooms or bungalows, car parks, or company housing for employees. It is the norm for landlord to have terms and conditions which the tenant agrees to before taking...

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