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Starting cryptographic payments Wyre has acquired Hedgy, a venture-backed smart bitcoin contract development company [19659009] While Wyre already provides cross-border payments via bitcoins , Ethereum, Litecoin and other cryptocurrencies, the agreement makes it possible to expand its services to startups crypto, co-founder and COO of Ioannis Giannaros to CoinDesk.
With that in mind, Wyre will use Hedgy's ability to "navigate" in regulatory space.
"This is a very regulated area, and in this sense Hedgy has generally been extremely ahead of the time." They were making smart contractual derivatives when at the time Ethereum had not yet arrived, "he added Giannaros.
Hedgy's co-founder and CEO, Matt Slater, will join Wyre as a consultant in the agreement, which is reserved for an undisclosed audience sum.
In other news, the People's Supreme Court of China has ruled that the blockchain can now be legally used to authenticate evidence in legal disputes, as long as the parties can demonstrate the legitimacy of the technology used.
Recognize the digital data presented as evidence if the interested parties have collected and stored this data via blockchain with digital signatures, reliable timestamps and verification of the hash value or via a digital deposition platform and can demonstrate the authenticity of such data technology used, "said the Supreme Court in an announcement.
According to CoinDesk, the ruling is in response to questions that have come after the establishment of the country's first internet court, which handles disputes over Internet-based issues. , in particular digital data.
And the Australian Securities and Investments Commission (ASIC) announced its plans to continue to "monitor threats of damage from emerging products" such as ICO and cryptocurrency.
ASIC added which is developing a new framework for 2018-2019 that will apply "the principles for the regulation of suppliers of market infrastructures to trade crypto "and will be involved when" there are inadequate behavior and potential harm to consumers and investors ", according to CoinDesk. [19659009] The agency added that it has already implemented supervisory approaches such as placing staff on site in financial institutions that work with cryptocurrency.
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