Digital Currency and Blockchain Weekly Round-Up – March 15th, 2019
Fri, 15 Mar 2019, 12:13 pm UTC
German Finance Ministry seeks to introduce regulation for blockchain-based securities
The German Federal Ministry of Finance has published a paper that discusses the introduction of regulation for blockchain-based securities. The regulator underscored the need to open up the country’s law to include electronic securities. It said that the key objective is to position Germany has a leading digitization and fintech location and develop a blockchain strategy.
U.S. SEC Chairman agrees with staff analysis that Ethereum is not a security
The U.S. Securities and Exchange Commission’s chairman Jay Clayton has agreed to the analysis by the SEC staff that found that Ethereum is not a security, saying “I agree that the analysis of whether a digital asset is offered or sold as a security is not static and does not strictly inhere to the instrument.”
Colorado Governor signs bill to exempt certain cryptocurrencies from state securities laws
Colorado Governor Jared Polis signed the Digital Tokens Act into law last week, excluding some cryptocurrencies from state securities laws. Senate Bill 19-023 or the "Colorado Digital Token Act" is expected to come into effect on August 02, 2019.
Thai SEC seeks to standardize data submission by digital asset businesses and ICO portals
The Thai Securities and Exchange Commission (SEC) is seeking public comments on the proposed rules for data submission by digital asset business operators and initial coin offering (ICO) portals. It aims to promote a standardized protocol for monitoring and supervision of digital asset businesses, and to reduce the necessity for case-by-case data submission.
Maltese financial regulator MFSA partners with CipherTrace to regulate licensed crypto businesses
The Malta Financial Services Authority (MFSA) is teaming up with blockchain security company CipherTrace to monitor and manage business risks related to licensed virtual asset businesses and cryptocurrencies. According to the official release, CipherTrace is an effective Supervisory Technology (SupTech) tool which will enable MFSA to manage the risk associated with virtual asset businesses.
Saudi Arabia trials blockchain for ensuring quality in oil and gas sector
Saudi Arabia is trialing blockchain technology to track quality in oil and gas industry, Ahmad Khowaiter, CTO of Saudi Aramco – a Saudi Arabian national petroleum and natural gas company, told Sputnik. Khowaiter said that blockchain technology has a number of advantages in ensuring the quality of the product and the source of the product.
Applications open for Isle of Man Blockchain Office and Sandbox
Digital Isle of Man, an executive agency of the Department for Enterprise, has announced that the recently announced Blockchain Office and Sandbox are now open and are ready to receive joining applications. The sandbox will give businesses a live test environment, the ability to run pilots, a restricted licence prior to production, early feedback, and alignment with modern software development.
Is New York Times mulling to enter blockchain space?
The New York Times, the second-largest newspaper in the U.S. by circulation, recently revealed its plan to trial blockchain technology for publishing in a new job posting, CoinDesk reported. However, in an update, CoinDesk said that the NYT has taken down the job posting after its article was published.
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