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Can GDPR Disrupt Blockchain Technology?
Guest-posts   |   18.01.19  |   5605

... blockchain projects could no longer operate legally, and one of them was Parity ICO Passport Service (PICOPS) — Vitalik BUTERIN has even expressed his regret: https://t.co/yt58zEPBG4 This is very sad. A potentially very useful service in the ethereum ecosystem discontinued due to GDPR issues. — Vitalik Non-giver of Ether (@VitalikButerin) 18 мая 2018 г. I have consulted with the former CEO of ERGO, currently Professor at the Technical University of Cologne Dr. Torsten OLETZKY and Fabian ...

Samsung Filed Trademarks In UK and EU For Cryptocurrency Wallet
Innovations   |   29.12.18  |   5641

... blockchain and smartphones. There is an option that the company is considering the integration of a cold-storage cryptocurrency wallet into the new models of smartphones. Earlier in December, the industrial giant has already filed similar applications in the European Patent Office. The application submitted by Samsung to the UK Intellectual Property Office (IPO) contains such definitions as “computer software for use as a cryptocurrency wallet”, “Computer software for cryptocurrency transfer and payment ...

No Results From The Bruxelles or London Conferences on Crypto. Are They Waiting for The SEC Decision on The ETF?
Regulation   |   12.09.18  |   3777

European financial authorities cannot identify their position towards the virtual financial market, and the International Monetary Fund does not recommend the island states to issue its own virtual tokens yet. The world is waiting… The members of ...

EU: $5.5 Bln Laundered on The Digital Market. What Are Bruxelles Going To Do?
Regulation   |   04.09.18  |   7112

The issue of the control over the virtual assets market can split the EU once again At the end of this week, EU ministers will meet in Vienna to discuss the prospects for the regulation of the cryptocurrencies market. Many experts believe that the situation with the use of virtual tokens in the shadow market is getting ...

Iran, India and The EU Are Running Out of The US Control
Regulation   |   28.08.18  |   2954

The USA has a new dilemma: the national Iranian cryptocurrency on the one hand, and the European pushback on the other hand. Many people are familiar with the situation when two not directly related facts illustrate significant changes on the world stage. German Foreign Minister Heiko MAAS said that the European Union needed to create ...

EU Parliament: how to find the balance between the banking sector and digital currencies
Regulation   |   27.07.18  |   5918

Central banks can deprive crypto markets of the access to financial institutions, by blocking access to exchanges or wallets for the users or by instituting denials of service The Policy Department of the European Parliament (Econ) has published a report about competition in the field of FinTech. The document was prepared by the Policy Department for Economic, Scientific, and Quality of Life. It contains the results of studies, carried out since the spring ...

Survey: 68% digital currency services do not comply with KYC
Usa   |   06.06.18  |   2967

... results of the recent research composed by P.A.ID Strategies and what does it tell about the current state of the market which is daily described on the pages of Bitnewstoday The company called P.A.ID Strategies has conducted a research of the US and EU digital currency exchange platforms, the results are quite negative: only the minority of respondents (32%) is using full identification of clients similarly to how banks make customers undergo the KYC (‘Know Your Customer’) procedure. This tells ...

Estonia to abandon national cryptocurrency plans
Investments   |   04.06.18  |   2136

Learn about the initial goals of Estonian government, what the officials from the European Central Bank stated about these plans and where the state-issued cryptocurrency Estcoin will still be used Estonia will not use a cryptocurrency as a national means of payment, financial media outlets tell. The European Central Bank (ECB) ...

European Central Bank: cryptocurrency regulation is not our top priority
Singapore   |   07.02.18  |   514

The European Central Bank (ECB) does not view Bitcoin and other digital currencies as the problem that needs immediate solution, tells chief supervisor Daniele Nouy. The private banks clearly think otherwise, as witnessed by the recent news on Lloyds and ...

How legal are cryptocurrencies around the world: Bolivia, China and Russia
China   |   18.07.17  |   651

... beginning to emerge. However, at the moment its legal status is unclear in many instances, although legislation is being prepared all around the world. It is supposed to shape government's’ attitude towards cryptocurrency. The approach is different: the EU recommends its members not to impose tax on cryptocurrency transactions whereas in Bolivia and Bangladesh making these types of transactions may be punished with imprisonment ! It should be noted that besides bitcoins there are several hundreds of ...