Preparing for Blockchain Regulation in the Post-Obama Era
Looking back on 2016, it feels as though most regulators around the world took a year-long vacation from the blockchain and cryptocurrency space. To be fair, apart from dealing with the anxieties typical of an election year (or the anti-globalization times we are living in), they were listening and learning. The amount of collaboration and mutual education between government and industry over the past year has been remarkable – and for good reason. Whether on the policymaking, the rulemaking or law enforcement side of government, regulators are grappling with a wave of innovation that is....
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Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges. Under revised regulatory framework, two-thirds of crypto exchange directors must be Indonesian citizens residing in the country.
Indonesia Plans to Tighten Crypto Regulation
Indonesia is preparing to issue new rules to tighten the regulation of crypto exchanges, officials from the country’s Minister of Trade and the Commodity Futures Trading Regulatory Agency (Bappebti) said Tuesday at a parliamentary hearing in Jakarta.
One of the new rules requires two-thirds of directors....
Former commissioner on the Commodity Futures Trading Commission advised Obama in an op-ed on CNBC today to take a reasonable approach to digital currency and blockchain technology, one that fosters innovation. Bitcoin and blockchain regulation has been a hot topic at conferences and on the nascent technology’s online forums. Bitcoin, known for its anarchist and libertarian leanings, fear government legislators and regulators. Many episodes have tarnished bitcoins name, as well; namely, the Silk Road and Mt. Gox affairs. These have led to everyday people, and regulators, to associate the....
The online privacy discussion is heating up again as President Obama and the Brave browser raised concerns regarding data collection from both the government and the private sector. This time, the debate hits close to home for Bitcoiners, since both Obama’s recent South by Southwest speech and Brave Software take particular interest in our favorite digital currency. On March 11, At South by Southwest in Austin, Texas President Obama gave a speech about the current state of digital privacy and the recent Apple backdoor controversy. Obama appealed to America’s sense of security by warning of....
The encryption battle has been heating up, and President Obama has asked the public for some middle ground with the argument. Recently, at the South by Southwest (SXSW) tech-festival, the President told the crowd there should be some exchange of privacy for the protection of public safety within the encryption conversation. But one key statement made was....
The Obama administration should move quickly to embrace bitcoin and blockchain technology, a former government regulator has argued in a new op-ed. Writing for CNBC, former Commodity Futures Trading Commission (CFTC) commissioner Bart Chilton said that the US is at risk of missing out on potential economic value by not more openly supporting the technology in its nascent days. Citing recent advocacy by current CFTC commissioner J. Christopher Giancarlo, who appeared at CoinDesk’s Consensus 2016 blockchain conference, Chilton said that President Barack Obama "should heed the....