SA Central Bank Comes Up With Another Nickname for Cryptos – “Cyber Tokens”

SA Central Bank Comes Up With Another Nickname for Cryptos – “Cyber Tokens”

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Cryptocurrencies don’t meet the requirements of money, according to the South African Reserve Bank which has decided to call them by a different name. It’s one that does not imply either currency or cryptography. “We prefer to use the word ‘cyber-token’,” said a high-ranking official of the central bank in Pretoria, adding another entry into…

Russian Duma Adopts Three Crypto Bills on First Reading

Russian Duma Adopts Three Crypto Bills on First Reading

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Russian State Duma has approved its first reading of the long-awaited legislation package regulating crypto-related matters and activities. The legal texts, voted almost unanimously, will open the way for legalization of cryptocurrencies in the Russian Federation, including their exchange and circulation under certain conditions. Deputies now have about two weeks to propose amendments before they…

Ohio Could Become Next US State to Legally Recognize Blockchain Data

Ohio Could Become Next US State to Legally Recognize Blockchain Data

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A bill proposed by an Ohio Senator would let the state legally recognize blockchain records and smart contracts.

Net Neutrality, Content Providers and Blockchain

Net Neutrality, Content Providers and Blockchain

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Net neutrality is the idea that internet service providers (ISPs) should not have control over the content internet users access. Net neutrality rules, instituted in 2015, ensure that ISPs can’t charge higher fees or decrease connection speeds for specific websites, or block legal content. As the United States Senate recently voted to maintain net neutrality,…

BitLicense Refugees: Kraken, ShapeShift CEOs Talk Escape from New York

BitLicense Refugees: Kraken, ShapeShift CEOs Talk Escape from New York

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Jesse Powell and Erik Voorhees delivered red-meat rhetoric but also made subtler points about New York’s cryptocurrency regulations at Consensus 2018.

South Korean Top Regulator Considers Easing Cryptocurrency Regulations

South Korean Top Regulator Considers Easing Cryptocurrency Regulations

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The main regulatory body of cryptocurrencies in South Korea has a new chief who has just been approved by the country’s president. He is a known “activist and reformist” and has reportedly announced that he will consider relaxing crypto regulations to help businesses grow in this sector. Also read: Yahoo! Japan Confirms Entrance Into the Crypto…

Telegram Rakes in Over $1.5 Billion, Ditches ICO for an Open Network & Token

Telegram Rakes in Over $1.5 Billion, Ditches ICO for an Open Network & Token

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The Wall Street Journal reported Telegram has raised $1.7 billion in anticipation of an initial coin offering (ICO). However, the company has instead decided to scrap its much publicized ICO in favor of beefing up its popular messaging service and expanding into tokenization. Also read: Microsociety Fort Galt in Chile Uses Bitcoin to Build Anew…

Australia Cracks Down on Misleading and Deceptive Initial Coin Offerings

Australia Cracks Down on Misleading and Deceptive Initial Coin Offerings

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Australia’s financial regulator is cracking down on deceptive and misleading initial coin offerings (ICOs), citing “a serious breach of the Australian law.” As a result of the regulator’s inquiries, some issuers have halted their token sales or are modifying their structures. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space ASIC Takes Action Against ICOs…