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The UK provides legal certainty for crypto assets and smart contracts
...ing significant growth and offer plenty of opportunities, there is still much room for critical questions as to their legal status and characterization. **The UK takes a significant step to reduce the barriers to the adoption of crypto assets and smart contracts by determining their legal status.** The legal Statement published by the United Kingdom Jurisdiction Taskforce tackles the legal unce...
Path: BlogGovernmental digitalization in Malta
...services, settlement of financial trades, public administration etc. Establishment of the **Malta Digital Innovation Authority** (MDIA) is the main purpose of the Malta Digital Innovation Bill. MDIA will regulate distributed ledger technology and smart contracts, at the same time it will act autonomously and promote government policies. In the meantime, the Innovative Technology Arrangements...
Path: BlogNew hype or a real irreplaceable instrument. Contracts of digital age.
Currently **computer algorithms that work on blockchain are crushing and reforming classic financial systems**. However, recently there is a lot more hype surrounding the so called smart contracts. But following this trend, there were a lot of surveys stating that smart contracts are rather vulnerable and unstable instruments. In order to understand the essential thing about smart contracts we sh...
Path: BlogBitcoin and cryptocurrency litigation
...r identity but also because of its increasing market cap in the virtual financial world. * ***Ethereum (ETC).*** Bitcoin’s second closest cryptocurrency competitor, Ethereum, lingers at $506.94 per coin and it prides itself in the processing of smart contracts. This cryptocurrency started out as a tool to monetize applications in the Ethereum network. Budget investors are urged to look into i...
Path: BlogPolymath CEO Trevor Koverko on smart investing, secret societies, and security tokens
...hy Tokenize Financial Securities?** There are plenty of reasons to tokenize financial securities, from releasing liquidity to creating 24/7 availability. But according to Trevor, the most exciting part is the programmability of tokens: “With smart contracts and securities tokens you can program them to do things, proxy voting, corporate governance, you can do so much more than with paper c...
Path: BlogCryptocurrency: what are your options?
...pioneer identity but also because of its increasing market cap in the virtual financial world. * -Ethereum (ETC). Bitcoin’s second closest cryptocurrency competitor, Ethereum, lingers at $506.94 per coin and it prides itself in the processing of smart contracts. This cryptocurrency started out as a tool to monetize applications in the Ethereum network. Budget investors are urged to look into i...
Path: BlogTierion: utilizing the bitcoin blockchain to verify documents
...n executives announced integration plans for additional blockchain functionality into their platform in the coming months. This comes as a result of the positive response members gave regarding Tierion’s services. Additional upgrades could include smart contracts and digital currency transactions, according to a Bloomberg report done on the company. **Bitcoin’s Blockchain** Tierion utili...
Path: BlogEthereum has attracted considerable interest of the CFTC
...aused such an interest from the regulator's side. **Ethereum is the second most discussed cryptocurrency right now.** Ethereum proposes to provide a blockchain with an integral, fully fledged programming language that can be employed to create “smart contracts” that might be used to encode arbitrary state transition functions, allowing users to create any of the systems described above, alo...
Path: BlogCrypto aspirations: North Korea is holding cryptocurrency conferences
...ressed concerns that North Korea may be intended to use Bitcoin to get around sanctions as it can be converted to hard currency and moved anonymously and quickly across borders. According to the source, North Korea was excited to learn about the smart contracts that operate on Ethereum platform. Since North Korea has some problems with the UN and the international community in general, it has ...
Path: Blog