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Tag Archives: Framework

IMF, World Bank Set Framework Around Fintech Advances

The International Monetary Fund (IMF) and the World Bank have weighed in on sovereign considerations and global implications of blockchain and other financial services technologies. The Bali Fintech Agenda, released at the conclusion of their annual meeting, distills the issues and concerns around disruptive technologies like distributed ledgers and smart contracts. The 12-point agenda intends to provide guidance to countries ...

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French MPs Propose Legal Framework for All ‘Digital Assets’ Providers, Sources Report

The French government is reportedly planning to provide a legal framework for all “digital assets” providers, local news agency LesEcho.fr reported September 21.    Three members of President Emmanuel Macron’s party, La République En Marche (LREM), have proposed an amendment to French legislation for regulating all service providers in the crypto industry, sources told LesEcho.fr. The National Assembly is reportedly ...

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We Need A Federal Framework To Regulate Cryptocurrencies: Ex-FDIC Chair Sheila Bair

Sheila Bair, the former chair of the Federal Deposit Insurance Corporation (FDIC), says the time has come for a formal federal regulatory framework to be established to regulate cryptocurrencies. Bair, who’s on the board of blockchain startup Paxos, said Congress needs to step in to regulate the marketing, trading, and selling of virtual currencies in light of how big the industry ...

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France Accepts New ICO Framework to Become Europe’s Leading ICO Hub

An Initial Coin Offering (ICO) framework proposed by French financial market regulators AMF (l’Autorité des marchés financiers) has been accepted in parliament. France’s Minister for the Economy and Finance, Bruno Le Maire, confirmed the acceptance of the legal ICO framework in a recent tweet. ✅Article 26 adopté en commission #PACTE ! ➡️Un cadre juridique des #ICO est créé. L’@AMF_actu pourra ...

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France Finalizes New ICO Framework to ‘Attract Innovators Globally’

France’s Minister for the Economy and Finance has announced that the government has accepted an article of the Business Growth and Transformation bill (PACTE) dedicated to Initial Coin Offerings (ICO), according to a tweet posted Wednesday, September 12. As finance Minister Bruno Le Maire states, the French stock markets regulator Autorité des marchés financiers (AMF) is now empowered to give ...

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Blockchain Law Society to Launch in Order to Develop Legal Framework

A group of South Korean blockchain experts will set up a law-based agency to explore the technology and apply it in various areas of society, local news outlet Yonhap News reports August 20. According to the announcement, the association, dubbed the “Blockchain Law Society,” is set to be officially launched in South Korea this Friday, August 24. The blockchain-focused organization aims to ...

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FINRA Throws Shade on the ‘SAFT’ ICO Framework

The Financial Industry Regulatory Authority (FINRA), a Washington-based self-regulatory body, has cautioned investors to beware of ICOs touting their adoption of the SAFT (Simple Agreements for Future Tokens) framework as evidence of investment security or regulatory compliance. SAFT Background The warning, which appears in its August 16, 2018 Investor’s Alert publication addressing potential ICO investors stresses that the SAFT framework ...

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Philippines Joins Other Asian Nations Creating Regulatory Framework for ICOs

2018 is proving to be a game-changer for the blockchain and cryptocurrency industry. Not only are cryptocurrencies witnessing more widespread awareness and adoption, but many countries across the globe are recognising the need for making their stand on the industry clear. The Philippines Becomes Crypto Positive Several Asian countries have already done the needful – they are either supporting cryptocurrencies ...

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Libertarian Party Gubernatorial Campaign to Accept BTC Despite Unclear Legal Framework

The Libertarian Party candidate for Wisconsin governor will accept Bitcoin (BTC) donations despite the state’s Ethics Commission’s finding them a “serious challenge” to compliance with state law, local news agency the Milwaukee Journal Sentinel reported July 23. Earlier this spring, the Wisconsin Libertarian Party had asked the State Ethics Commission to clarify whether the use of cryptocurrency for political contributions ...

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Financial Stability Is the Focus of New FSB Monitoring Framework

Cryptocurrencies are getting more attention every day, it seems, as the Financial Stability Board (FSB) announced on Monday that it had put together a standardized framework with which to monitor cryptocurrency assets. This body was called upon by the G20 Ministers of Finance and the Central Bank Governors to report by the end of July on the work of standard-setting ...

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