US: New Legislation Proposes to Exclude Crypto From Securities Laws
Two United States congressmen introduced a bill in the House of Representatives on Dec. 20 that would exclude digital assets from being defined as securities.
Blockchain and Crypto related News
Luxembourg Passes Blockchain Framework Bill Into Law
Luxembourg lawmakers have passed bill 7363 into law, facilitating the use of blockchain technology in financial services, according to an official announcement published by the country’s parliament, the Chamber of Deputies.
Statement on “Framework for ‘Investment Contract’ Analysis of Digital Assets”
Bill Hinman, Director of Division of Corporation Finance
Valerie Szczepanik, Senior Advisor for Digital Assets and Innovation
Cryptocurrency fraud: the FSMA updates its list of suspicious sites
During the last weeks, the FSMA continued to receive new complaints of consumers who have invested in cryptocurrencies through these trading platforms. The cryptocurrency fraud continues making victims in Belgium. Hence, the FSMA repeats its warning against the fraudsters behind those platforms who are using cryptocurrencies to swindle consumers. The FSMA has also updated its list of cryptocurrency trading platforms for which it has identified signs of fraud. This list now includes a total of 120 websites.
Italy’s Senate Moves to Set Legal Foundation for Blockchain Timestamps
The Italian government could soon amend regulations to allow legalized blockchain timestamping and validation of digital documents.
The country’s senate, the Senato della Repubblica, on Wednesday published a proposal to add distributed ledger technology and smart contract-related terms to Senate Act No, 989, passed in December 2018.
7 Legal Questions That Will Define Blockchain in 2019
Jenny Leung is an Australian attorney (New York Bar admission pending) who will be starting as a blockchain attorney at Blakemore Fallon in 2019. Formerly, she was an attorney at the Australian Securities and Investments Commission (ASIC) and a privacy consultant at PwC.
The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.
Why Banks Pose A Bigger Risk Than Crypto Currencies
Cryptocurrencies have been gradually getting its due as the number of countries around the globe incorporating crypto regulations have been on the rise. Even the biggest of centralized financial institutions and banks are looking to either provide crypto services or launch their own version of cryptocurrencies to milk on the trend.
ICOs See a Massive Decline According to The Wall Street Journal
Compared to just a year ago, The Wall Street Journal reports on March 31, 2019, that ICOs are raising 58 times less money due to tighter restrictions and unprofitable token launches.