Quest Chain #4: Legal Decentralization

Correct Answer(s) are bolded

Question #1: The Securities and Exchange Commission is the only regulatory body for digital assets

a. True

b**. False**

Question #2: Does a defined standard for the concept of legal decentralization exist today?

1. No
2. Yes

Question #3: What activities should NOT be considered when determining if a project is legally decentralized?

a. Taxation

b. Liability

c. Ownership

d. Intellectual Property

e. Reporting and Privacy

f. Member compensation

Question #4: Blockchain systems are significantly different in which legal areas? (select all that apply)

a. Equity

b. Ownership

c. Control

d. Voting

Question #5: What are important factors that regulatory bodies would look for when determining if a project is legally decentralized? (select all that apply)

a. the levels of influence that early project contributors retain

b. transparency of information amongst participants

c. the level of information symmetry amongst participants

d. the number of nodes operating in the network