In the past week a lot of is around the globe time and again in terms of regulatory events. In our regulatory response we look back at the week end and summarize what was thought about when, where, and by whom said, or decided.
South Korea: lawyers, grounds for learning group at the Blockchain right
A group of judges, legislators and industry experts in South Korea to form a new group to deal with the legal issues surrounding the Blockchain technology. The Blockchain Law Society to discuss regulatory issues around the Blockchain, as well as the use of technology in the legal space. The founders of the Initiative is to promote dialogue in the field of justice and legislation of the country.
Japan: New head of the regulatory authority do not want to over-regulate the crypto market
The newly appointed head of Japan’s financial Supervisory authority FSA is of the opinion that there is no need for “excessive” regulation of crypto-currencies in his country. How Toshihide Endo, Commissioner of the Financial Services Agency (FSA), announced, trying his Agency, rather, trading with crypto-currencies to the rules so that consumers are protected, and Innovation is not hindered.
China: No crypto-Events and more in Beijing
Public buildings such as shopping malls, Hotels, Restaurants and office buildings in downtown Beijing have been instructed to offer no platforms for Kryptowährugnen. The district government prohibits operators, therefore, events are to be held, the crypto-think of currencies, discuss, and apply. The Motivation behind this is to protect the financial security of the Public, to strengthen the Position of the Chinese Yuan as legal currency in China and to stabilise the financial system of the country.
China: access to foreign crypto exchanges blocked
More than 100 foreign crypto exchanges will be hold in China, and trading services to domestic investors. According to the Shanghai Securities Times, the China National Fintech Risk Rectification Office has so far identified 124 trading platforms with foreign IP addresses, the need to set the service in the country.
USA: crypto stock exchanges, forms of group self-regulation
A group of crypto-exchanges has teamed up with the Gemini-founders Cameron and Tyler Winklevoss. You want to call a new self-regulatory organization (SRO). The Virtual Commodity Association to develop industry standards, to prevent market manipulation and other fraudulent actions. Accordingly, a group made up of representatives of the crypto exchanges has begun with the elaboration of these Standards.
UK: No-Deal-Brexit brings Blockchain-companies in distress
British Blockchain Start-ups are looking for contingency plans in case of a hard Brexits. Since 2016, the British government is negotiating with the EU on the terms of your exit. Finally, the possibility of a “No-Deal-Brexits however, is” increasingly likely, could lead to economic turmoil and uncertainty. Of this uncertainty, the British Blockchain Start are now affected-ups.
Norway: Mining Farm needs to be temporarily closed
Crypto vault, a Norway-based Mining Farm that could be closed due to a lack of permits. Local officials say that the facility is a violation of applicable law. However, it is not clear what the certification will need to have the Miner. Crypto-vault-CEO Stig Myrseth said that the company had applied for the missing permits. Temporarily, the Mining Farm was operating well.