South Korean regulator proposes rigorous new rules for token issuers
The FSC of South Korea wants to create a system that recovers fraudulently obtained funds, punishes criminals, and protects investors from future misdeeds. The Financial Services Commission (FSC) of South Korea has released a paper laying out its new definition of cryptocurrencies, as well as proposed procedures for token issuers and penalties for non-compliance. Individuals […]
New German government mentions cryptocurrency in its coalition agreement
The new German government mentioned cryptocurrency in its coalition agreement, with the goal of making the “European financial market supervisory regulation” suitable for crypto-assets and businesses German government coalition agreement The new German government has mentioned cryptocurrency in its coalition agreement, pushing for a level playing field between traditional finance and “creative business models.” This […]
Moonbeam contributes $1.4 billion as it wins the second parachain auction on Polkadot
Moonbeam, an EVM-compatible smart contract platform, has won Polkadot’s second parachain auction as over 200K donors globally contributed a total of 35 million DOT tokens worth a stunning $1.4 billion Moonbeam wins Polkadot’s second Parachain Auction Moonbeam , an EVM-compatible smart contract platform, has won Polkadot’s second parachain auction. Moonbeam made the news on Thursday, […]
The future is Bitcoin according to creators South Park
South Park, an animated television series that frequently covers current events with a comic spin, depicted Bitcoin as a common payment method in the not-too-distant future. “It’s the future — we’ve all decided centralized banking is rigged so we trust more in fly-by-night Ponzi schemes ,” said the motel clerk accepting Bitcoin as payment. South […]
UK Law Commission confirms that smart contracts are governed by English and Welsh law
The UK Law Commission, which is responsible for reviewing and recommending modifications to the country’s laws, has said that smart legal contracts in the digital asset area do not require statutory law reform in England and Wales. “The Law Commission ’s analysis demonstrates the flexibility of the common law to accommodate technological developments, particularly in […]