Bitcoin, Crypto currency, Blockchain

Regulatory-ECHO KW39 – crypto laws: Top, Flop

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.

USA: Congress wants a three-Blockchain-laws bring

Tom Emmer, a member of the U.S. house of representatives, plans, three of the draft law to the block on the Blockchain and crypto-currencies in the Parliament. Both the adaptation of the Blockchain technology, as well as the regulation of crypto-currencies should be promoted. The title of the legislation read “Resolution Supporting Digital Currencies and the Blockchain Technology”, “Blockchain Regulatory Certainty Act” and “Safe Harbor for Taxpayers with Forked Assets Act.” This is from a press release by the Deputy published on his personal Homepage.

France: the financial market regulator is taking a crypto-sites to target

The French financial market authority “Autorite des Marches Financiers” (AMF) has published a list of 21 Websites from the investment area. These pages, which should be according to the authority, under special observation. You is accused to do not have the approval and “atypical Investments”. The list includes several Websites that are in connection with the crypto-trade.

Italy: accession to the European Blockchain Partnership

Italy wants to join the in April of this year, founded the European Blockchain Partnership. This is the Italian Minister for economic development, labour and social Affairs, Luigi Di Maio announced. The European Blockchain Partnership is to improve the coordination of the European countries in research and development in terms of the Blockchain. In the framework of the partnership of Italy looks at his chances to be able to the development of the Blockchain technology.

Colombia: crypto-legislation heavily criticised

In Colombia, a draft law was presented to the crypto-regulation in the Congress. As the business magazine Dinero reported, to criticise the local FinTech industry, but part heavily. The draft provides for, among other things, a license for trading with cryptocurrencies, and in addition, a five percent tax on all crypto transactions. According to many experts, such a scheme would slow down the crypto-growth in the country and crypto-transactions in order almost to a Standstill.

USA: crypto Task Force on terrorism established

The house of representatives of the United States has approved the establishment of a cryptographic Task Force by law. This Task Force is to be used to combat the use of cryptocurrencies to the financing of terrorism. According to the official document, the Task Force forms an independent unit, in order to fight the “unlawful use” of crypto-currencies.

India: crypto-Banking-the prohibition of the Central Bank forcing Exchange in the knee

Due in July, which came into force a ban on banking services related to crypto-currencies by the Indian Central Bank, the crypto-exchange Zebpay now closes its doors. How to use the Exchange this week announced that it had increasingly difficult conditions, the reason for the sudden step. Many customers, the closure is surprising – after all, the law is already for almost three months.

Mongolia: Central Bank allowed local companies ‘ own crypto-currency

Mobicom, the largest mobile operator of Mongolia, would like to give a own crypto-currency. The Central Bank of Mongolia has issued now the official permission. As local media reports, the digital currency “Candy” now. Mongolia is still a blank sheet, so crypto friend.

Sierra Leone: Blockchain-credit office, together with the UN

The West African country of Sierra Leone is planning the establishment of a national credit Bureau on the Blockchain. With the Kiva log of the population a simple and secure identification system that simplifies the access to financial services. To help the economy as a whole to circulate and renew it. Supported Sierra Leone by the UN Capital Development Fund (UNCDF) and the UN Development programme (UNDP).

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