As Trump clamps down on Chinese social media in the U.S., tech in general becomes subject to nationalism. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note The U.S.–China trade war continues its brazen spillover into tech. In response to concerns over where […]
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The Financial Industry Regulatory Authority’s new request for digital assets activities adds more confusion to the regulatory environment. The United States Financial Industry Regulatory Authority, or FINRA, has once again invited itself to the digital assets oversight party for at least another year. Specifically, on July 9, FINRA published “Regulatory Notice 20-23,” which encourages broker-dealers […]
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Australian YouTuber Dagogo Altraide posted a new video to his 2.5M subscribers detailing the fall of FinTech company Wirecard. A new video takes viewers through German financial technology company Wirecard’s journey from being one of the top businesses in the world to one who’s shares plummeted by more than 98% before filing for insolvency. In […]
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Forsage members are courting a high risk with the Philippines’ securities regulator. A full month after the Philippines’ Securities and Exchange Commission flagged Forsage as a likely Ponzi, it remains the second-most popular Ethereum DApp on internet rankings. As of Aug. 6, Forsage has 390,000 users and a turnover of $3.11 million per 24 hours […]
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Swiss cantonal bank Basler Kantonalbank becomes the first bank in Switzerland to announce its crypto plans. Basler Kantonalbank, or BKB, a government-owned commercial bank in Switzerland, is planning to launch cryptocurrency services through its banking subsidiary. According to an Aug. 3 report by local news agency Finews, BKB’s subsidiary and a national banking group, Bank […]
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While both PoW and PoS have a lot to offer, this year, in particular, is promising to be a special one for proof-of-stake. Proof-of-work and proof-of-stake have a lot of benefits to offer the community, and the discussion around these algorithms has dominated conversations in the cryptocurrency community. The use of staking will become more […]
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Israel will have its first central securities lending platform this November, built on blockchain technology. The Tel Aviv Stock Exchange (TASE) plans to launch its blockchain-based securities lending pool in November. In an announcement on July 28, TASE said the platform will serve an essential function in the country’s capital markets, which currently lack a […]
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Basic recommendations for those who are considering incorporating crypto business in Estonia. Recently, there have been discussions regarding Estonia’s new law on cryptocurrency, the revocation of 500 crypto licenses in Estonia, and companies exiting from Estonian regulatory jurisdiction. Let’s focus on three major recommendations. Do your research before engaging with a legal partner in Estonia […]
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The digital asset is now experiencing what may be a historic rise in acceptance, as the COVID-19 pandemic revealed its needs. On July 22, 2020, the United States Office of the Comptroller of the Currency published a letter clarifying that national banks and federal savings associations can indeed take custody of cryptocurrency assets. In the letter, […]
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Global payment processors Mastercard and Visa are laying the foundations for crypto support that may drive adoption on a global scale. Leading global payment companies Mastercard and Visa have been making moves to accelerate the support of cryptocurrency payment processors by opening up new options for users around the world. Both companies made strong statements […]
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