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G20: Generals Are Preparing For The War That Has Passed
Regulation   |   04.12.18  |   4954

... admitted the fact of digital currencies existence. How it will affect the global market and why Spain will choose the billion dollar way Representatives of the G20 member countries published a document on the development of a unified system of legal regulation of the digital market. For the moment, the text resembles only an agreement of intent, but the very fact of discussing the issue of the institutionalization of virtual currencies at such a high political level suggests the transformation of ...

Saudi Arabia Banned Crypto Trading, Leaving a Chance Only For Their State-Backed One
Regulation   |   27.11.18  |   4149

... cost-effective cross-border payments. Mostly, the digital currency is planned to be used for bank-to-bank transactions. The Saudites are known for strict rulership, laws, and autocracy — thus the development of the events, with the concentration of crypto regulation within the hands of the rulers seems quite logical. However, it doesn’t sound like the compliance to their own proposed diversification model, and that means the Kingdom is not ready for a true insight of decentralized financial instrument,...

The Ancient Tragedy On The Digital Market Stage: EOS Reversed The Transaction And Created Environment For Corruption
Cryptocurrencies   |   21.11.18  |   3193

The EOS network returned the money stolen in blockchain to the user. A good piece of news for ordinary people but a bad one for the future of the digital market Experts in the field of network law have repeatedly noted: the decentralization of the blockchain will sooner or later lead to one problem - the impossibility of reversing the transaction in case of an error or malicious actions of users. Although the other part of the expert community, on the contrary, considers decentralization to be...

High Moral Economy Of The Golden Crescent Against The Immoral Economy Of White Stars
Geopolitics   |   20.11.18  |   3847

... Islamic republic will step over this boundary? This - out of control crypto market is already being a major thorn in the side of international governments. Ar at least one of them, the USA. American financial regulator is on the fence between losing the regulation tightening it up. At the first point - whole crypto industry itself is not as big as it likes to think, and maintaining it’s “health” is going to cost a lot of money. Second - countries that have always been a pain for them. If Venezuela ...

Global Financial System Launders $800 bln Per Year, But FATF Considers Crypto To Be A Threat
Crime   |   20.11.18  |   3538

... development, striking the market with more and more shocking news. Can these two ways of developments be connected or intersect somehow with each other? For quite a long time FATF experienced pressure from governments to start taking actions in unifying regulation of the cryptocurrency industry on a global level. Perhaps, the negative news from traditional sector forced the entity to act faster, in order to create an image and send a kind of a signal that “we’re doing good, we’re aware of the ...

SEC vs DEX: Two Lessons To Learn From EtherDelta Case
Exchanges   |   15.11.18  |   4947

... due to the exchanges getting hacked, owners running away with funds. So over time, as more people encounter bad experience, they will move to decentralized exchange.” For some traders and investors, the main appeal was the reduced risk of government regulation. Well, here is the “risk”, running full speed. Robert COHEN , chief of the SEC’s new cyber unit, stated that if an exchange doesn’t employ central HQ or governing body, it still cannot avoid the responsibility. “The focus is not ...

Holes? Don't Worry, These Are The Best Swiss Traditions! TOON #13
Regulation   |   09.11.18  |   4767

... look so cloudless and shiny from the inside? Every initiative sooner or later faces the barriers. How you deal with barriers will determine how far you advance ( read more ) Follow My Lead: Philippines And South Korea To Adopt The Swiss Standards of Regulation The success of Switzerland in regulating blockchain is disputed and hardly overestimated. Earlier, we presented the reasons for it as well as the barriers the state regulators are facing right now. The information from ‘behind the scenes’ ...

Texas Regulator Is The Crypto Sheriff Now or Why The Cloud Mining Company Got Banned
Regulation   |   08.11.18  |   5561

The Texas State Securities Board has cleared away the mining clouds above the state and protected the interests of private investors The digital Wild West is coming to an end. The irony is that legality is triumphing in the very Wild West, where, a hundred and fifty years ago, reckless adventurists from around the world were looking for happiness and prosperity, resolving numerous disputes with the help of a weighty argument of caliber 0.45. So, the Texas State Securities Board (TSSB) issued an...

In Pursuit Of Another Billion: Three New Bills Will Fulfill The Maltese Dream
Regulation   |   07.11.18  |   4271

... offering of virtual assets, introduce new transparency requirements for DLT-projects and examine their compliance to new principles and in general control the entire ecosystem, the first two are devoted to a new institution developed specifically for the regulation of the DLT industry. The first bill implies the establishment of a new regulatory body called MDIA. The blockchain expert and academic Dr. Joshua ELLUL was recently appointed as the first chairman of the institution. The autonomous authority ...

PeruCoin: A Country-Wide Scam or An Attempt To Revive Inca Empire
Cryptocurrencies   |   06.11.18  |   4210

The project of the national digital currency of Peru may turn out to be another invention of scammers. Why are speculators still trying to hype on communication with the power? South America never fails to amaze the world with the news of the digital economy. The reports have appeared that, following Venezuela, Peru is going to release its own national virtual coin - PeruCoin . But if in the first case there are substantial economic reasons for issuing Coins, then in the second case, there are...


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