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Weekly round-up for digital currency and blockchain – 4 January 2019
New York forms the cryptocurrency task force
The governor of the State of New York, Andrew Cuomo, signed a law last month that now would see the state form a cryptocurrency task force. According to the bill, the task force "will provide the governor and the legislator with information on the effects of widespread use of cryptocurrencies and other forms of digital currencies and their ancillary systems in the state".
The Wyoming law "financial sandbox technology" seeks to strengthen the blockchain and fintech innovation
In the state parliament of Wyoming a law was introduced to establish a financial technology sandbox in order to promote innovation in this space. Launched last week, the "Financial Technology Sandbox Act" seeks to create a financial technology sandbox for the testing of financial products and services in the state of Wyoming.
The Italian government brings together 30 experts to build a national blockchain strategy
The Italian Ministry of Economic Development has gathered 30 experts in an attempt to strengthen the country's blockchain strategy, reported CoinDesk. In September, the ministry had launched a call for the selection of up to 30 members of a group of experts for the drafting of a national strategy on DLP and blockchain technologies.
The Irish government approves the law to prevent the use of cryptocurrencies for money laundering and terrorist financing purposes
The Irish government is making efforts to implement stricter laws to combat money laundering and terrorist financing activities using cryptocurrencies. According to the Irish Times, the Council of Ministers approved a bill that aims to implement the fifth EU Money Laundering Directive.
It is difficult to establish a specific timeline to establish a cryptocurrency regulation, says Indian minister Pon Radhakrishnan
Following recent reports suggesting that the Indian authorities were considering introducing regulation for cryptocurrencies, Quartz reported that the government is in no hurry to finalize the rules. On December 28, Pon Radhakrishnan, Minister of State for Finance, told Lok Sabha: "In the absence of a globally acceptable solution and the need to develop technically feasible solutions, the department is taking the matter with due caution. difficult to set a specific timetable to provide clear recommendations. "
Reserve Bank of India: central bank digital currency plans – Report
According to The Hindu Business Line, the Reserve Bank of India (RBI) would have set aside its plans to launch its digital currency. An anonymous source told the newspaper: "The government no longer wants the digital currency, he thinks it's too early to think about a digital currency."
The South African government establishes a regulatory working group on cryptographic resources
The South African government has set up a regulatory work group on crypto assets to examine all aspects of cryptocurrency and blockchain technology, according to BusinessDay. In response to a parliamentary question by MP Wouter Wessels, Freedom Front Plus, Finance Minister Tito Mboweni said the initiative aims to develop a "cohesive government response to cryptocurrencies and a unified intergovernmental regulatory framework".
The Bermuda monetary authority publishes draft rules for the custody of cryptocurrencies
Last month, the Bermuda monetary authority (BMA) published a draft code of conduct for the safekeeping of digital goods for consultation. According to the official statement dated 18 December 2018, the code prescribes measures to ensure "a high level of attention in safeguarding the customer's resources". Comments on the draft code must be sent by 18 January 2019.
Abkhazia takes power out of 15 crypt mining facilities
The Republican Unitary Enterprise Chernomorenergo, a state-owned power company of Abkhazia, announced that the government has cut power to some cryptocurrency mining farms due to concerns over electricity consumption, reported CoinTelegraph. "" A total of 15 facilities were disconnected with a total capacity of 8950 kW / h ", according to the announcement.
Iran moves to criminalize using the "Gram" cryptocurrency of Telegram
The Iranian government has moved to criminalize the use of Gram, the cryptocurrency representative of the TON Blockchain developed by the instant messaging service Telegram, as reported by Tehran Times. Javad Javidnia, secretary of the Task Force for the definition of the criminal content, has recently announced that any cooperation with Telegram for the launch of Gram will constitute an action against national security and will be addressed as an "interruption of the problem". national economy.
News from the company
- Mike Novogratz controls almost 80% of Galaxy Digital focused on cryptography
- The Crypto Bakkt project provides 182.5 million dollars in the first round of financing
- Bitcoin Lamassu's ATM maker moves to Switzerland
- DMM.com to exit the cryptocurrency mining business
Digital currency and blockchain initiatives
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