Austria Economics Minister: ‘Europe Over-regulating Blockchain’
Margarete Schramböck, the Austrian Minister for Digital and Economic Affairs, has suggested that the country may buck European trends by leaving its blockchain technology sector unregulated.
2020 US Presidential Candidate Andrew Yang is Pro Crypto and is Gaining Traction
The race for the 2020 US Presidential elections is already in full swing with candidates like Kamala Harris, Elizabeth Warren, Tulsi Gabbard, Bernie Sanders, etc announcing their run for the presidency. Among them is a new candidate Andrew Yang who seems to understand the implications of disruptive technologies like Artificial Intelligence and Blockchain.
Unlike many other presidential candidates who are career politicians, Andrew is an entrepreneur most well known as the founder of Venture for America which is a non-profit aimed at “Mobilizing the next generation of entrepreneurs and equipping them with the skills and resources they need to create jobs.”
U.K. Regulator FCA Finds Only 27% of Brits are Aware About Crypto Assets
U.K.’s regulatory body - Financial Conduct Authority (FCA) - has recently published two reports giving a glimpse into the consumer attitude and awareness for virtual digital currencies across Britain.
The research report is basically a nation-wide survey of 2132 British consumers and also includes qualitative interviews of experts from the crypto sector. The national survey notes that the number of consumers accepting to have bought cryptocurrencies is just 51. From this, the FCA concludes that only 3% of the Brits have bought cryptocurrencies.
Telegram's $1.7 Billion Cryptocurrency is 70% Complete
An investor update from September pegged completion of the Telegram Open Network. The report pointed out that the social media giant’s long-anticipated cryptocurrency project is "70 percent complete". The most notable element of the report, which was leaked on LinkedIn and had not previously been publicly available, is that the virtual machine (similar in nature to the Ethereum Virtual Machine) required to execute smart contracts on the TON is all but ready to deploy.
Singapore Begins the First Legal Trail Involving $12 Million Dollars Worth Of Bitcoin
Liquidity provider B2C2 has sued Singapore-based crypto exchange Quoine over the latter’s questionable trade practices. According to the local publication The Strait Times, this is the first legal trial in Singapore involving Bitcoin. B2C2 has accused Quoine over alleged trade reversal for cryptocurrency transactions in April 2017.
UN Report: North Korea Has Stolen Over $500 Million From Crypto Exchanges
The United Nation Security Council (UNSC) has recently published a new report showing that North Korea carried multiple cyber attacks and hacks to steal over $500 million worth of cryptocurrencies from exchanges.
The report, as obtained by Japanese news publication Asian Nikkei Review notes that North Korean hackers targeted overseas financial institutions between 2015 to 2018. Also, they purportedly used the blockchain technology “to cover their tracks” and evade economic sanctions.
Blockchain Regulation in Europe: everything you need to know
Today I want to explain you everything you need to know about the Blockchain Regulation in Europe.
Recently, in fact, the executive arm of the European Union government revealed that is working on the blockchain to “support” distributed ledger-based projects.
According to this new official press release published on February 7th, the Commission is looking for growing its efforts on supporting more projects related to the distributed ledger technology (DLT).