Law Decoded: Transformations in crypto exchanges and traditional institutions...
Maybe one day, drawing distinctions between crypto and traditional finance will seem quaint. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor’s noteThe final scene of Animal Farm, Orwell’s classic fable of revolution gone wrong and a staple of secondary-school reading lists throughout the English-speaking world, features a card game. The pigs who run the farm with an iron hoof host the humans who have gone from enemies of the revolution to drinking buddies of the revolution’s leaders. The book ends with....
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Overstock.com was the first major online retailer to embrace bitcoin and the first to accommodate bitcoin across the globe. You might even say that Overstock gave the much needed push for the following boom of Bitcoin adoption. Recently, Patrick Byrne, Overstock CEO, announced Project Medici, in which the Company was developing Blockchain based software, with the potential of sidestepping traditional stock exchanges. Patrick Byrne is also a Bitcoin enthusiast and a Blockchain technology believer and supporter. Bitcoinist had the chance to appoint a small interview with the online retailer....
The final Law Decoded moves away from specific news to reflect on the biggest legal issues facing crypto. Editor’s noteLadies and gentlemen, it is bittersweet to welcome you to the final installment of Law Decoded, at least with yours truly at the helm. Though someone may pick this newsletter back up at some point, there are no plans to do so now.Taking advantage of the rose-tinted glasses or maybe the graduation goggles that are in effect for this final newsletter, I will be shaking up the format. As last week’s Law Decoded focused on a few long-standing stories in crypto, this week, I....
The crypto industry is ending 2020 on a high note, while major social media platforms face a phalanx of lawmakers and lawsuits. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Law Decoded will be going on a break next week for the holidays but will return in the new year. Editor’s noteAs the holidays loom, Bitcoin has been shattering all-time highs. For reasons why, consult Cointelegraph’s markets coverage. I honestly never know. Maybe with the act of Christmas shopping taking place behind the computer, people have....
Government officials in Kazakhstan have approved regulations that will govern interactions between authorized coin trading platforms and traditional financial institutions. The new rules will allow registered cryptocurrency exchanges to have bank accounts in the country.
Pilot Project to Develop Kazakhstan Into Regional Crypto Hub
Regulations allowing crypto exchanges registered at the Astana International Financial Center (AIFC) to be serviced by second-tier banks in Kazakhstan have been adopted by a working group comprised of representatives of the Ministry of Digital....
These past years presented numerous transformations in the finance industry. And with the rise of bitcoin, more powerful financial technologies – including the influential figures behind them – are changing our concept of money and challenging the financial institutions that presently manage it. For instance, the third-richest person in Mexico, Ricardo Salinas, said that bitcoin […]