Speaking at a guest lecture held at the Harvard School of Law, a member of the US Commodity Futures Trading Commission, J. Christopher Giancarlo, stated that the blockchain could deprive professional accounants and recordkeepers from employment when adopted in the mainstream.
Russian State Duma considers several draft laws providing administrative and criminal prosecution for arrangement of companies working on Ponzi schemes, which are broadly referred to in Russia as ‘financial pyramids’. An amendment to the Criminal Code establishes four years of inprisonment for distribution of any information related to such organizations.
Bitcoin agency KUNA announced a crowdsale for Ukraine’s first bitcoin exchange. Auction set to sale 10 percent of shares of the new platform launches on December, 13.
The U.S. Securities and Exchange Commission filed a claim in a court stating that founder of two mining companies established a Ponzi scheme in order to pocket money of his investors. The companies in question are ZenMiner and GAW Miners, both of which are owned by Homero Garza.
US-based international bank Goldman Sachs has applied to the US Patent and Trademark Office seeking for patenting its proprietary cryptocurrency-based system for settlement of securities. The cryptocurrency dubbed SETLcoin, according to the application, is intended for p2p-exchange of digital tokens, which in their turn act as instantaneous replacement for actual.
There is no secret that many mainstream entities engaged in various activities are producing blockchain hype these days. Those in the crypto-community who like having their finger on the pulse of what is going on, are very well aware of expanding interest and adoption of bitcoin’s underlying technology amidst banks,.
The Supreme Court of Estonia has made a request addressed to local central bank, two government departments, the Bank of Estonia, and the country’s financial regulator, to clarify their views on legal stance of digital currencies in regard to AML policies and general essence of cryptocurrency and the underpinning technology.
Former employees of the Central Bank of Barbados have issued a paper titled ‘Should Cryptocurrencies Be Included In The Portfolio Of International Reserves Held By The Central Bank Of Barbados?’ where they suggest that the island’s regulator should consider using cryptocurrency as its foreign reserve. However, according to the authors,.