Bahamas plans to introduce strong regulations for token and cryptocurrency sales, intending to make the country a better place for digital currency and blockchain businesses. The Securities Commission officially filed a draft of the bill back in March seeking to regulate token offerings that are not considered securities.
Blockchain technology and cryptocurrencies including Bitcoin brought some awareness to people in Italy, of how this computer technology does not need large infrastructures like those of banks to operate or to be used. The technology depends on the sharing and distribution of data to ensure their immutability and to provide them in a particular sense of the official character.
The two legal experts (L. Egitto and G. Busuttil) were recently interviewed to give light on where Italy stands on the regulation of blockchain, cryptocurrency, smart contract and other innovative technologies. Several institutions, firms, organizations, businesses and governments have been moving forward for few years especially in Europe, such as Switzerland with its Crypto Valley project (of the canton of Zug) and Republic of Malta started before any other country.
The Indian government has been cautious of Blockchain and digital currencies and for good reason. The series of scams conveyed from India has been the government’s plan. Nevertheless, the current turn of events, the Supreme Court has asked the government of India to draft the blockchain (DLT) and cryptocurrency regulations for the nation in just four weeks.
There is hope that the US Securities and Exchange Commission (SEC) might change its decision to deny nine Bitcoin-related Exchange Traded Funds (ETFs). Brent Fields, the SEC secretary revealed in a letter to the New York Stock Exchange (NYSE) that the commission chairman and commissioners are considering whether to review and revise the action authorized and delegated to its staff, adding that until that time the current decision is pertinent.
The major financial market regulator the Israel Money Laundering and Terror Financing Prohibition Authority has created a fintech draft which is aimed at helping to track and control suspicious cryptocurrency activity, according to a local news company’s post published yesterday, May 28.
Virtual Limited Liability Companies (VLLCs) working on blockchain technology will be launched in Lithuania. The country considers the possibility of allowing entities from different parts of the world to register and operate their fintech companies there. A draft has been already processed by the Lithuanian Centre of Registers.