“Bitcoin will become the single currency of the Internet” — Jack Dorsey, CEO of Twitter.
The American state of Wyoming passed a law officially classifies cryptocurrency money.
According to the document, all digital assets are divided into three categories: digital consumer assets, digital securities and digital currencies. Any assets that fall into one of these categories will be considered private property. The assets of the latter category are in fact equivalent to Vietnam currencies.
State Corporation CEZA released a set of rules for the regulation of cryptocurrencies and ICO — Asset Token Offering (DATO). The rules are aimed at the transformation of the crypto industry in the region and protect consumers from fraudulent calls of investments and cover the acquisition of all types of cryptocurrency assets, including tokens-stock and tool tokens.
“We aim to provide a clear set of rules and guidelines that will encourage innovation, and to ensure compliance with industry. We hope that this set of regulatory innovation will facilitate the introduction of the blockchain and cryptocurrency institutional investors and the financial system”, — Raul, Lambino, administrator and CEO of CEZA.
Now CEZA will act as the primary regulatory authority and Asian Association of blockchain and cryptocurrency (ABACA) will act as a self-regulatory organization, which is responsible for the implementation and enforcement of the rules.
The national regulator of cryptocurrency Venezuela Sunacrip published a new resolution. It establishes the Commission for conducting crypto-currency transfer and describes the requirements and procedures for transfer and acceptance of transactions in the cryptocurrency for citizens on the territory of the Bolivarian Republic of Venezuela.
“The person performing the translation must pay a fee, which can reach 15% of the transfer. The exact Commission is calculated depending on the volume of transactions, but may not be less than $0.28”.
Also set limits on transfers: each month you can send up to $600, and if necessary increase limit, you can contact the regulator and, if approved, it will increase to $3,000.
The financial services Commission of Mauritius plans in March to begin the licensing of companies providing services of storage of cryptocurrencies.
The full text of the new law will be published on March 1, but we already know that companies will have to comply with the requirements on combating money laundering and financing of terrorism, to follow the rules for storage of keys and passwords to digital assets.
The document describes the procedures for the organization of cold storage. In addition, companies will have to use a system that warns the Commission of suspicious transactions.
“This framework confirms the position of the government of Mauritius on the creation of a visionary and innovative country that can conduct a proper and reasonable regulation of cryptocurrencies,” the Loretta Joseph, consultant FSC.
The lower house of the Italian Parliament passed a bill which provides a definition of key terms in the blockchain industry. In the future it is planned to study the legal criteria for smart contracts.
The Indonesian Supervisory Board for the futures market (Bappebti) has issued new regulations for futures trading in cryptocurrency.
The new structure will regulate all traded cryptocurrency assets, as well as mechanisms of buying and selling, starting with account opening and savings, ending the withdrawal of cryptocurrency as Fiat and in the form of cash.
Cryptocurrency trader will need to transfer 100 billion rupees (about $7.13 million) to your account and as a Deposit to keep at least 80 billion rupees ($5.6 million). In order to capturedguys platforms to obtain a license in their accounts as a Deposit shall be kept not less than 1.5 trillion rupees ($107 million ).
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