Regulatory Compliance and Legal Frameworks in Blockchain BBLC Practice Questions (Page 6)

Questions 26–30

1. 26foundation · easy

   Which of the following is an example of an emerging regulatory trend in blockchain?

   • AThe recognition of all digital assets as legal tender
   • BThe development of comprehensive regulatory frameworks for stablecoins
   • CThe elimination of all AML requirements for crypto exchanges
   • DThe complete prohibition of all blockchain technology
   Reveal Solution Discussion Select an answer first
2. 27foundation · easy

   Which of the following is a typical reporting obligation for a regulated blockchain business?

   • AReporting the market price of digital assets to the public
   • BPublishing the private keys of all customers
   • CSubmitting regular code audits to the blockchain community
   • DSubmitting suspicious activity reports (SARs) to financial intelligence units
   Reveal Solution Discussion Select an answer first
4. 28application · medium

   A blockchain company is tracking regulatory developments to anticipate changes that could affect its business model. The company operates a decentralized exchange (DEX) that facilitates peer-to-peer trading of digital assets. Which recent regulatory trend is most likely to impact the DEX?

   • ARegulators are requiring all DEXs to obtain banking licenses.
   • BRegulators are focusing only on centralized exchanges, leaving DEXs unregulated.
   • CRegulators are increasingly applying AML/CTF obligations to decentralized finance (DeFi) platforms, including DEXs.
   • DRegulators are granting blanket exemptions to all decentralized platforms.
   Reveal Solution Discussion Select an answer first
5. 29expert · hard

   A company issues a token that provides holders with a discount on future services and also entitles them to a share of the company's profits. The company wants to avoid securities regulation. Which approach is most likely to be effective?

   • ARestructure the token to eliminate profit-sharing and ensure the primary purpose is consumptive use.
   • BLimit the token sale to accredited investors only.
   • CLabel the token as a utility token in the whitepaper.
   • DLaunch the token on a decentralized exchange to avoid regulatory oversight.
   Reveal Solution Discussion Select an answer first
6. 30application · medium

   A healthcare consortium uses a permissioned blockchain to share patient data among hospitals. The blockchain stores patient records in encrypted form on each node. The consortium must comply with GDPR. Which design change best supports GDPR compliance?

   • ARemove all access controls to ensure transparency.
   • BAnonymize all patient data before storing it on-chain.
   • CUse a public blockchain to distribute data across many nodes for redundancy.
   • DStore only encrypted data references and patient consent records on-chain, with actual data in off-chain systems.
   Reveal Solution Discussion Select an answer first