the Mostly positive news from the world of the Blockchain-regulation, we may announce this week: Italy and the U.S. state of Washington against the issue of Blockchain and Smart Contracts from the ground up, Korea shows ICOs furthermore, the cold shoulder and ETF Weeble VanEck already preparing the next rule change.

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The freedom of speech-to-ECHO KW 5.

Italy Blockchain-course

Italy, but the first steps take in terms of Blockchain-regulation. As the Italian news portal TPI News reported, a government Commission on may 23. In January, a whole series of regulatory framework adopted.

So be defined, for example, from now on, what kind should define a digital Asset as a crypto-currency. Furthermore, you want to do Smart Contracts to be legally binding contracts.

so Far, Italy has ruled not just as a crypto-affine country. With the new paper, the government is now, however, the future turned.

Washington Senate defines Blockchain

Similar plans are being followed, meanwhile, in the state of Washington. On 25.01.2019 four Republican senators introduced an Update to the previously adopted Washington Electronic Authentication Act in the Washington state Senate. The paper with the title of SB 5638 will now provide for regulatory clarity in terms of legally binding electronic signatures and Smart Contracts.

you had to define first what a Blockchain actually is:

the Blockchain refers to a cryptographically secure, chronological, and decentralized consensus Ledger or a consensus database that is managed over the Internet, Peer-to-Peer network, or any other similar interaction.

ICOs Frowned upon as ever

In South Korea, ICOs remain prohibited. After the financial regulators, the Financial Supervisory Service (FSS) found evidence that foreign ICOs collected funds from South Korean nationals, one, it was noted that this practice is illegal.

Read also: The Newsflash KW5: The Top Bitcoin and Blockchain-News of the week

Apparently, had formerly founded South Korean company letter-box companies in countries such as Singapore, to the prohibition of a formal deal. BTC-ECHO reported.

The higher-level authority, the FSC pointed out in the course of which, once again, to the fact that ICO Investments were “highly risky”.

VanEck are not beaten

The epic battle between the SEC and VanEck in the next round. It is Kafkaesque almost, with what devotion the Bitcoin Fans at VanEck for approval of the first regulated Bitcoin ETF to argue. Finally, the CBOE withdrew the last application recently.

last Friday, the 01.02.2019, the hanky-panky, however, in the next round: How BTC-ECHO reported, filed Gabor Gurbacs the to be approved as a rule change at the U.S. securities and exchange Commission.

The CBOE has a rule change for the VanEck SolidX Bitcoin ETF filed. The hard work of all of the Teams involved. […]

Although there are good reasons for admission, you have given up hope on a speedy approval in the Bitcoin Space.

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