Latest news about: legislation

The South Korean authorities made three RAID on the local cryptocurrency exchanges

The South Korean authorities made three RAID on the local cryptocurrency exchanges

According to local news sources, the South Korean authorities raided three local cryptocurrency exchanges because of the suspicion that employees of these exchanges was involved in the theft of users ‘ funds. As reported Chosun.com employees and managers of these exchanges, are suspected of buying crypto currencies on other exchanges using customer funds. The Prosecutor’s… More

Hearings on issues of ICO and cryptocurrency to the U.S. Congress: a Neanderthal from California and new “cryptopp”

Hearings on issues of ICO and cryptocurrency to the U.S. Congress: a Neanderthal from California and new “cryptopp”

At yesterday’s hearing in a Subcommittee of Congress on capital markets, securities dedicated to cryptocurrency and ICO sounded very different point of view. In General they cannot be described neither as negative nor as positive for the industry of cryptocurrency. The Chairman of the Subcommittee finished hearings with the phrase which best characterizes everything that… More

Hearings on issues of ICO and cryptocurrency to the U.S. Congress: “regulatory chaos” and other important statements from the speech Coinbase

Hearings on issues of ICO and cryptocurrency to the U.S. Congress: “regulatory chaos” and other important statements from the speech Coinbase

Yesterday the Subcommittee of the U.S. Congress on capital markets, securities and investments discussed the main issues related to the cryptocurrency and ICO at a special hearing, entitled “the Study of cryptocurrencies and ICO”. At the hearing discussed the potential benefits that carry these technologies to the economy, legal support to investors and regulatory approaches… More

The official EU statement: it is impossible to prohibit mining

The official EU statement: it is impossible to prohibit mining

According to EU Commissioner, mining crypto currency is a perfectly legitimate activity in Europe and subject to the standard rules of electric power supply and consumption. In a statement issued last week, Mariya Gabriel, European Commissioner for the digital economy expressed concern about the energy-intensive nature of mining, noting the regulatory status of the industry:… More

Venezuelan lawmakers announced Petro illegitimate

Venezuelan lawmakers announced Petro illegitimate

One of the two legislative bodies of Venezuela ruled that the recently released national cryptocurrencies is unlawful under existing law. The national Assembly of Venezuela, most of whose members largely disagree with the President, Nicolas Maduro, issued a statement that cryptocurrency Petro is illegal, and the fact of its release is contrary to the Constitution…. More

Summer in Russia will appear the law on cryptocurrencies

Summer in Russia will appear the law on cryptocurrencies

The discussion of the future of cryptocurrency law in Russia long ago, and today it became known that the new law should appear this summer. In the newspaper “Russian Parliament”, which is the official publication of the Russian Duma, there was an article which stated that the President of Russia, Vladimir Putin ordered to take… More

California plans to legalize the use of blockchain and smart contracts

California plans to legalize the use of blockchain and smart contracts

A California legislator introduced a bill that, if adopted, will be a major update to the legislation in the field of electronic documents, as the law actually recognizes the mechanism of electronic signatures on the blockchain and smart contracts. 2658, a bill presented by Assembly member Ian Calderon last week, expands the definition of electronic… More

The Swiss regulator has published recommendations for the ICO

The Swiss regulator has published recommendations for the ICO

Swiss Agency for financial markets (FINMA) published recommendations for application of existing legislation on financial markets to regulate ICO. FINMA CEO mark Branson is considering these recommendations as a way to help the development of the blockchain industry to hold a place in the Swiss market and notes that the blockchain of the company “can’t… More

White House: cryptocurrency regulation in the near future will not

White House: cryptocurrency regulation in the near future will not

White house spokesman said Friday that in the near future should not expect regulation in the sphere of cryptocurrency. In his statement to CNBC at the Munich conference on security, the cybersecurity coordinator for the White house and special assistant to the President, Bob Royce stated that: I think we are still in the stage… More