Russia’s Central Bank Proposes New Token Framework, But Labels Crypto Transactions ‘Suspicious’

The Central Bank of Russia (CBR) has formally proposed a legal framework for tokenization, but also plans to label cryptocurrency transactions as suspicious activity, it said in a press release Monday. The CBR announced it had successfully piloted a platform that allows users to tokenize assets, including equities and currencies, and issue them to investors. Ivan Zimin, director of the CBR’s financial technology department, said in the release that the bank had now proposed using the platform as a framework in the country’s upcoming cryptocurrency law, which will act as…

Mainstream Moments and the CompuServe of Crypto, Feat. Andreas M. Antonopoulos

The best Sundays are for long reads and deep conversations. With the price of bitcoin headed up again, the idea of blockchains and digital currencies has never been more palatable to the mainstream. We’ve seen this cycle before, but could this time be different? Today’s discussion features: Today’s episode features audio clips from CNBC, C-SPAN and Figure.com Would you like to Sponsor a future episode of the Let’s Talk Bitcoin! show? Do you have any questions or comments? Email adam@ltbshow.com Disclosure Read More The leader in blockchain news, CoinDesk is a…

Privacy Laws Are Only as Effective as the Companies Implementing Them

Privacy is a hot topic for legislators all over the world. Democractic presidential candidates have privacy laws and regulations in their campaign platforms. Amy Klobuchar discussed a tax on companies who share user data. Elizabeth Warren has introduced legislation that considers the idea of jail time for CEOs over privacy failures. Before he dropped out of the race, John Delaney proposed the U.S. adopt a law similar to the California Consumer Privacy Act, which gives greater agency to consumers when it comes to limiting companies collecting of their data.  Voters…

Governor: Colorado Startups Have Raised $50 Million in Venture Capital

Colorado Governor Jared Polis sat down with CoinDesk at ETHDenver, the third edition of the ethereum hackathon in the Mile High City. A digital native noted for launching multiple internet enterprises, Polis led the charge for bitcoin and other digital assets in the U.S. House of Representatives from 2009 to 2019. “Colorado is the center of the blockchain economy. We’ve attracted over $50 million in venture capital for blockchain startups,” he said. He’s excited to back in the driver’s seat on a regional level. Working in the federal government, he…

ASX Sees Industry Benefits Arising From Blockchain Upgrade As July Tests Approach

The chief of the Australian Securities Exchange (ASX) has said the company’s approaching shift to blockchain tech could bring opportunities to the wider securities industry. In a results call for H1 2020 Thursday, reported by ZDNet, ASX CEO Dominic Stevens said: “We’re very excited about the long term benefits this can bring to clearing and settlement specifically, and to the efficiency of the securities industry in Australia, generally,” Stevens said. Specifically, Stevens was discussing the ASX’s development of a blockchain-based replacement for its now aging clearing system called CHESS. Work…

Blockchain Bills Are Advancing in the New York State Senate – Here’s Why

ALBANY, N.Y. — The New York State Senate will be considering two bills that would bolster the use and development of blockchain tech in the Empire State. The first bill, S4142, would recognize blockchain-based records and contracts as electronic signatures under state law, giving them legal clout. The second, S6037A, would add “distributed ledger technology” developers to the Excelsior Jobs Program, which comes with tax credits. Introduced by Senator Diane Savino (D-23) and approved by the Internet and Technology Committee, which she chairs, after a hearing Tuesday, the bills next…

Trump’s Fed Nominee Judy Shelton Says US Should Be Proactive on Digital Dollar

Judy Shelton, President Trump’s nominee to the Federal Reserve Board, told lawmakers that digitizing the U.S. dollar could help maintain the currency’s ascendancy in global commerce.  At her Senate confirmation hearing Thursday, Shelton said the U.S. needs fintech innovation to keep ahead of other countries.  “Yes, it is a dominant reserve currency but we can’t rest on our laurels in that regard,” Shelton said. “Rival nations are working very diligently to have an alternative to the dollar. I think it is very important that we get ahead of the curve…

IOTA Foundation Suspends Network, Probes Fund Theft in Trinity Wallet

IOTA Foundation, the nonprofit behind the IOTA distributed network, recommended users close their Trinity wallets Thursday after multiple reports of fund theft.  IOTA said it started receiving the reports Wednesday and decided to shut off the Coordinator node in the network for further investigation.  The foundation is evaluating an exploit on an earlier version of its wallet. It is also trying to analyze the hackers’ attack pattern and complete a manual verification, according to the foundation’s latest statement.  “First (but not all) exchanges have responded, reporting that no monitored funds…