Sentences with phrase «clear legal mechanisms»

Not exact matches

And yet it's not clear what the legal guardrails are, or what mechanisms, if any, are put in place.

Ultimately, Ripple does not provide a cryptographic solution to the trust problem, and keeping fraudulent gateways under control will have to be done by more traditional mechanisms instead — clear, industry standard, expectations on gateways» security, in a similar spirit to all major Bitcoin exchanges» policy of keeping over 80 % of customer funds stored in an offline location where there is no way to access them without manual assistance, and outright fraud will have to be met with the help of the good old - fashioned legal system.