South Korea’s national assembly just passed an amendment marking the official entry of cryptocurrency trading and holding into the legal system. The Special Financial Transactions Information Act, will effectively create a framework for the country’s cryptocurrency industry. The crypto-specific portions of the bill are based on the FATF guidelines about how governments should police what it terms as virtual asset service providers and will be signed into the law books after a year-long enactment process.
It’s being hailed as the most significant development in the cryptosphere this year, an opportunity to onboard 1.6 billion people who were barred from the market by the Indian government. BLOCKTVs Oran Spitzer has the details, reactions and predictions following the Indian Supreme Court’s landmark ruling yesterday to strike down a ban on Crypto currency trading
Blockchain industry leader Consensys announced yesterday a new partnership with major players like Earnst and Young and Microsoft, (VO-in) A Baseline Protocol, which aims to bring the benefits of private blockchains to the public Ethereum mainnet. Will the move bring about a new surge in enterprise interest in the network? We spoke to John Wolpert, ConsenSys Group Executive for Enterprise Mainnet, who was able to provide some insights into the initiative.
Andrew Bailey, the incoming governor of the Bank of England has decided to Troll the crypto industry as a whole.