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October 30, 2015, 10:36:25 AM |
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Hypothetical scenario:
A company opens a corporation in Belize and offers shares of their corporation via colored coins to be bought and sold on the blockchain.
This is all well and good because it's just like having all of the shares in a database, it just happens to be decentralized and very secure.
However, since people have full control over their "colored coin/share" they can buy and sell it to whomever they want without the corporation having any knowledge of the person they sold it to.
Would this fall under "bearer shares"? Would US citizens be able to buy/sell bearer shares?
I am curious how the colored coin approach would work as a form of company shares.
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