Regulation

Regulation

Here Come the Three Bears

Legislation From Wyoming Could Enable Blockchain-Based Stock Certificates

Distributed Summary:

  • Bipartisan bill would allow corporations to use blockchain tokens as their only form of stock certification
  • Comes on the heels of other pro-blockchain legislation passed in the state
  • Successful implementation under these blockchain-friendly laws may change legislation elsewhere

Venezuelan Government Denounces U.S. Sanctions and Executive Order on Petro

Distributed Summary:

  • In complaint to the World Trade Organization, Venezuela files grievance over Trump executive order banning transactions with the petro
  • Venezuela calls U.S. sanctions at large “discriminatory”
  • Consequences for the U.S. are unlikely, but the future of the petro is in doubt

Colorado State Senate Introduces Bill to Exempt Crypto From Securities Laws

Distributed Summary:

  • If the bill becomes law, it will protect crypto assets from licensing and tax laws that apply to securities
  • Bill argues for a state environment that supports crypto-based business activity
  • Follows a recent effort from Colorado’s state commissioner to crack down on fraudulent ICOs

South Africa Establishes Crypto Assets Regulatory Working Group

Distributed Summary:

  • Finance minister announces working group including Financial Intelligence Centre, Treasury and Reserve Bank to “develop a cohesive governmental response to cryptocurrencies”
  • Hopes to release findings this year
  • Appears to be taking steps to prepare country’s legal system for increased crypto adoption