Broker licensing for US blockchain developers threatens jobs and diversity
Lower socio-economic groups will be excluded from the blockchain industry if United States lawmakers approve the infrastructure bill. United States lawmakers will soon destroy a massive opportunity for job creation and a diverse workforce in blockchain technology if they do not amend infrastructure bill HR 3684, which would require blockchain developers to attain broker status on U.S. soil.HR 3684 does not recognize the taxonomy of the asset class. Not every crypto asset falls under the definition of security — many are transactional tokens and used as consensus mechanisms essential to....
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Blockchain technology is captivating audiences all over the world, and Deloitte wants to bring even more attention to this industry. The company unveiled its plans to create a new European blockchain lab in Dublin, which brings fifty new jobs the region as well. With so many companies all over the world exploring the boundaries of blockchain technology, more dedicated research labs are more than welcome. Accountancy firm Deloitte has been thinking along the same lines, and they will be rolling out a new blockchain technology lab in Dublin over the next 18 months. Deloitte Launches....
Companies are stepping up their recruitment process by offering a number of blockchain technology related jobs as companies realize the potential of the blockchain. According to Yahoo Finance, IBM recently announced that it was undergoing a major internal reorganization to focus on the blockchain. IBM has created a new unit called Watson Financial Services, which includes Watson, cloud, and blockchain-related strategy. Searching for Blockchain Technology Jobs. A search for blockchain jobs on sites such as Indeed and Monster.com bring up postings from companies such as Bank of America,....
There are numerous new types of jobs since the internet first gained popularity. Bitcoin will experience a similar growth trajectory as more jobs are created.
Bitcoin.com, Bitmain Technologies and several bitcoin companies have announced a $1.2 million Bitcoin Development Grant for bitcoin protocol development. There is to be no “official” bitcoin. The statement announcing the grant acknowledged there has been a “deep rift” that has distracted the bitcoin community. The grant is to support teams working on bitcoin protocol, foster the greater diversity of innovation and improve freedom of choice for bitcoin users. Founding Principles Stated. The Bitcoin Development Grant website cited the following principles as a foundation upon which to....
While we would be remiss not to laud the SEC’s statement as a step in the right direction, the shortcomings are inescapable. On Dec. 23, 2020, the SEC published a statement proposing a framework for broker-dealers to custody digital asset securities in a manner consistent with Rule 15c3-3 under the Securities Exchange Act of 1934. Among other things, the statement, which will expire after a period of five years from publication, provides that a broker-dealer may custody digital asset securities so long as it operates consistent with the enumerated conditions set forth in the statement,....