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Blockchain Life 2019  •  

# legislation News

A group of South Korean lawmakers have expressed concern over the strict regulatory policies of the Financial Service Commission (FSC) on the cryptocurrency and blockchain sector and subsequently called for deregulation. Despite repeated calls for less stringent regulations, the government is yet to do much in that regard. This according...
March 28, 2019 by at Adoption, Altcoins, Business, News
Vladimir Potanin, Russia’s richest man, is mulling developing several digital market offerings including possible palladium-backed cryptocurrencies, reports Bloomberg, March 27, 2019. Palladium-Backed Digital Token The concept of commodity-backed cryptocurrency has ascended into prominence in a relatively short period. U.S. dollar-backed “stable coins” such as the ones issued by Tether and...
With the advent of blockchain and cryptocurrencies disrupting our financial systems, regulators are forced to investigate the utility of this technology and propose new rules to ensure that citizens are able to receive the maximum benefit from using decentralized digital assets while minimizing any of its potentially harmful effects. Crypto-Focus...
Wyoming has categorized blockchain-based cryptoassets into three main groups, digital consumer assets, digital securities, and virtual currency, to enable investors, legal authorities, as well as financial institutions, to easily distinguish between all types of digital assets and handle them optimally, reported finder on February 4, 2019. Three Formal Classification for...
October 25, 2018 by at Bitcoin, Business, Crime, News, Regulation
The local police have confiscated the recently launched Bitcoin ATM in India by Unocoin Technologies on the grounds of it being “illegal” as it was set up without any government approvals, The Times of India reports October 24, 2018. Unocoin Co-Founder in Custody Harish BV, the co-founder of Unocoin Technologies,...
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