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Witnessing the digital breakthrough


Wyoming’s new bill guarantees legal protection for cryptocurrency owners
Legislation   |   15.02.19  |  

Thу state became the first jurisdiction in the US to extend property rights to cryptocurrency The SF0125 bill, which passed the second and the third readings in the Senate of Wyoming, is now waiting for Governor Mark Gordon’s signing and is expected to enter into force next week. The new legislation provides residents of the state owning cryptocurrencies and tokens with the full legal protection of private property in relation to these assets. The publication of the law will probably cause a large-scale...

Blockchain Shrugged: No Need To Look For A Killer App
Guest-posts   |   24.01.19  |  

... sourced, decentralized, and “permissionless”, new blockchain knowledges are also created constantly in all disciplines and peripheries. It can take a significant lead time for the knowledge to enter the “core” from such distributed crowd base. 2) Regulation clarity Complying innovations with the complex systems of regulations, or the lack of them in some circumstances, represents an on-going risk, especially in highly regulated industries like finance or healthcare. Take a snapshot of a use case ...

15 Central Banks Want To Get Into Crypto But FATF Won’t Let Them
Forecasts   |   20.12.18  |  

... financial institutions in the economy is increasing every year. And even the status of a public organization such as that of the FATF is no longer an obstacle to the directive nature of the recommendations. Can we say that the national character of legal regulation gives place to the global one? Can FATF be called a new mega-regulator? MY: No, I wouldn't say that. Currently, the Swiss Financial Market Supervisory Authority FINMA can be called the most active regulator of the digital asset market. It is ...

Trending Trinity Weekly (December, 3-7)
News   |   08.12.18  |  

... only articles written by our regular writers, but guest contributions as well. So, let’s start! #3 - G20: Generals Are Preparing For The War That Has Passed The recent G20 summit in Argentina has left more questions than answers regarding the crypto regulation. Only some kind of intentions were recorded in the final document. Oleg Koldayev is sure that the emerging market will not wait for the unhurried politicians and is going to find its own way to meet the growing demand. The author also proves ...

Switzerland: Crypto-Funds Will Be Able To Invest Up To $100M In Residential Property
Legislation   |   06.12.18  |  

... deposit goes to repay the bank debt. In practice, the apartment purchased in this way is 30% cheaper than the usual finished new building. Similar schemes are applied throughout Europe. There are such schemes in Switzerland too but due to tight banking regulations, it is difficult for construction companies to open such deposits. In particular, credit institutions impose special requirements on the purity of funds deposited. In addition to the standard AML protocol, the account owner must comply with ...

South Korea: Promoting A New Bill To Pass The FATF exam
Legislation   |   04.12.18  |  

... and a decrease in its сredibility in the event of a poor assessment result. We can assume that the possible sanctions may be very serious as at the last summit in Argentina the G20 countries included into their joint declaration a provision about the regulation of the digital market for anti-money laundering and countering the financing of terrorism in line with FATF standards.

How French Authorities Prevented More In-Depth Bitcoin Crash
Legislation   |   27.11.18  |  

... monetary authorities fulfilled their direct function - they warned nationals and saved them from the fraud risks. This is a very significant and positive example of the institutionalization of crypto economy. Perhaps such a practical example of legal regulation will serve as a lesson for crypto business and a good illustration of how the government can be integrated into the new financial reality.