Tag: Government

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Law Decoded: Green lights of the SEC, black flags of Binance, Nov. 13–20

Libel laws and new faces at the U.S. securities regulator lead the week’s news. Editor’s no Amid a political news cycle that has been stuck in a nauseating loop, covering crypto is often refreshing. Partisan forces have yet to dig out the trenches. A lot of the current task is just getting working definitions in…
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Rapper T.I.’s associates to cough up $100K in FLiK token case with SEC

The settlement with the SEC came after the three were charged in September for their participation in “unregistered and fraudulent” ICOs. Three associates of Clifford Joseph Harris Jr., a rapper also known as T.I. who was responsible for helping launch the FLiK token, have agreed to pay more than $100,000 after a U.S. district court…
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Crypto lobby defends self-hosted wallets and P2P from rumored gov’t crackdown

As everyone waits on new KYC and AML regulators, many speak out to keep unhosted wallets free of controls. Major players in U.S. crypto lobbying are coming out in defense of non-custodial wallets. On Tuesday, the Blockchain Association released a new report presenting policy options for self-hosted wallets to regulators. On Wednesday, Coin Center published…
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Vietnam’s ministry of education to record certifications on blockchain

Vietnam’s government is adopting blockchain technology on a national level. Vietnam’s Ministry of Education and Training, or MOET, is planning to implement blockchain technology for issuing diplomas in 2021. According to a Nov. 18 announcement, the MOET has partnered with Singapore-based startup TomoChain to put national student certifications on TomoChain’s proprietary blockchain platform. As part…
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Kyrgyzstan’s central bank developing draft law for cryptocurrency industry

Solid crypto regulations would be a long time coming for Kyrgyzstan. The central bank for the Central Asian country of Kyrgyzstan is working on a draft law to regulate the cryptocurrency industry in the country. According to an announcement on Nov. 13, the National Bank of the Kyrgyz Republic is developing a draft law that…
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Central bank digital currencies are dead in the water

CBDCs won’t fundamentally be changing anything — central banks still want to control your wealth and your money. Mark my words: Governments and central banks will never care about your wealth and your privacy as much as you do. That reality is exactly why central bank digital currencies are dead in the water already. They…
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The US SEC amendments and SAFT process

Do the new safe harbors against integration pave the way for a successful SAFT process? Earlier this year, the United States Securities and Exchange Commission — in both the SEC versus Telegram and SEC versus Kik cases — vigorously argued that sales of contractual rights to acquire tokens on a when-issued basis (widely referred to…
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Ukraine is prepared to lead Eastern Europe’s crypto space

The Ukrainian government is making serious steps toward crypto to make the country a leader in Eastern Europe. Ukraine is ranked as the world’s leader in the Global Crypto Adoption Index 2020, according to a research published by Chainalysis earlier this fall. Despite this, cryptocurrencies still remain a gray area in the economy. Since 2014,…
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Incoming Senator hopes to ‘bring Bitcoin into the national conversation’

Does Bitcoin finally have an advocate at the highest levels of government? In an interview with the ABC News program GMA3: What You Need To Know on Friday, senator-elect Cynthia Lummis again voiced her support for the popularization of Bitcoin, going so far as to say that she does “hope to bring Bitcoin into the…
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China’s BSN predicted as long-term global project, still ahead of others

The impact of China’s Blockchain Service Network may be limited, but the region’s national blockchain infrastructure continues to outpace other regions. First announced in October 2019, China’s Blockchain Service Network, also known as BSN, is aimed at providing a global public infrastructure designed to support both private and public blockchain networks across interconnected cities.  According…
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