Life will find a way. Some participants in India's cryptocurrency industry have found a way to trade digital currency despite Indian banks being forbidden from servicing crypto exchanges, according to a July 30 report from Indian news outlet Business Today. In April of this year, the Reserve Bank of India (RBI)...
Earlier this week, Governor John Carney signed into law three bills that change the state’s corporate and trust laws to better accommodate blockchain technology. With more than half of all Fortune 500 companies incorporated in Delaware, the state prides itself on a statutory framework attractive to businesses. The state doesn't...
The South Carolina attorney general's office has dropped its enforcement action against ShipChain, the blockchain logistics company that it had previously accused of securities violations. In May, the South Carolina securities commissioner served ShipChain, a blockchain logistics company, a cease and desist order as part of Operation Cryptosweep. Apparently, the securities...
Vietnam’s State Securities Commission says good night, cryptocurrency. The State Securities Commission (SSC) in Vietnam has reportedly banned financial companies from using cryptocurrency. According to an announcement made by the SSC earlier this week, and reported by the government-affiliated English-language newspaper Viet Nam News, the country's securities regulator has forbidden public...
Crypto is making its debut on the Wisconsin gubernatorial campaign trail. But the Wisconsin Ethics Commission isn't sure how it feels about it. Phil Anderson, chair of the Libertarian Party of Wisconsin, is immersed in his campaign for governor. His platform represents various libertarian ideals, such as economic freedom, criminal...
News law and legislation July 23, 2018 6:31 PM The new department will make policies and recommendations about the use of crypto and blockchain technology. According to a July 19 article in The Korea Times, the Financial Services Commission (FSC) in South Korea announced it will create a department specifically focused on...
The legal research body’s recent report includes plans to study executable distributed code contracts. Published on July 19, the UK Law Commission's 2017-2018 Annual Report details the authority's work throughout the year and its various recommendations for legal reform. Included in this year's review is a section dedicated to EDCCs...
This morning the US House of Representatives Committee on Agriculture heard from six experts on cryptocurrency. "We are a long way from the peanut fields in Sycamore, Georgia," Representative Austin Scott said today during the House Committee on Agriculture's hearing on cryptocurrency. Though cryptocurrency may seem incongruous to the committee, the...
The country has been one of the most aggressive in its pursuit of blockchain-related innovation. According to a document from South Korea's fourth vice ministerial meeting on "Growth through Innovation," which took place on July 13, 2018, the country is discussing plans to reduce taxes for the purpose of supporting...
The alleged BTC-e money launderer may be tried in France. On July 13, a Greek court in Thessaloniki approved the extradition of Alexander Vinnik to France amid suspicion that he defrauded about 100 French citizens, according to the Associated Press. The French government specifically accuses him of cybercrime, money laundering,...