Legislation

IP Australia and National Rugby League Use Blockchain Against Fake Products

Source Node: https://cointelegraph.com/news/ip-australia-and-national-rugby-league-use-blockchain-against-fake-products
Time Stamp: August 10, 2020 6:05 AM - Modified On: May 21, 2021 - Published By:
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Australia’s top-tier rugby league, the National Rugby League, along with IP Australia will trial a blockchain-based application to curb the sale of counterfeit products.IP Australia is an agency of the Department of Industry, Innovation and Science that orchestrates and regulates the issuance of intellectual property rights and legislation relating to patents, trademarks, registered designs and plant breeder's rights in Australia.Genuine products will be tagged with trust badgesAccording to a ZDNet report, the new application uses blockchain to enable trademark owners to link their products to the government register. It acts

Slow But Steady: FATF Review Highlights Crypto Exchanges’ Struggle to Meet AML Standards

Source Node: https://cointelegraph.com/news/slow-but-steady-fatf-review-highlights-crypto-exchanges-struggle-to-meet-aml-standards
Time Stamp: August 8, 2020 9:00 AM - Modified On: May 21, 2021 - Published By:
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In June 2019, the intergovernmental Financial Action Task Force (FATF) introduced its revised set of standards for virtual asset service providers. The document establishes the anti-money laundering and counter-terrorism (AML/CFT) requirements that regulated VASPs —  the term mainly referring to cryptocurrency trading platforms — must eventually implement in their day-to-day operations. The guidelines are framed as recommendations, and the FATF leaves it to the participating nations’ governments to develop their own regulations in accordance with suggested principles.The watchdog has also set a 12-month review timeframe to monitor the public and

Japanese Tax System Not Equipped to Handle Cryptocurrencies

Source Node: https://insidebitcoins.com/news/japanese-tax-system-not-equipped-to-handle-cryptocurrencies/256762
Time Stamp: April 7, 2020 9:49 AM - Modified On: May 21, 2021 - Published By:
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Japan is planning to enforce new cryptocurrency regulations in the country in May but its existing tax system may not be properly equipped to handle digital currency transactions. According to a top government official, the system still needs some tweaks before it can manage crypto taxes.Japanese taxation regime needs a changeRepresentative Shun Otokita of the Japan Innovation Party held a Q& A session at the Financial Statements Committee on April 6. Therefore, he talked about the value of market research before introducing a separate tax regime for digital currencies. He

Revised Crypto Laws in Japan to be Enforced Starting May 1

Source Node: https://cointelegraph.com/news/revised-crypto-laws-in-japan-to-be-enforced-starting-may-1
Time Stamp: April 6, 2020 12:39 AM - Modified On: May 21, 2021 - Published By:
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New laws for regulating cryptocurrencies in Japan will start to be enforced next month.The Payment Services Act (PSA) and Financial Instruments and Exchange Act (FIEA), two of the pieces of legislation passed by the Japanese House of Representatives last year to regulate crypto, were scheduled to come into effect starting in April. However, with unexpected delays, no enforcement date had officially been set until last week.In the April 3 edition of an official government newsletter, it was announced that the revised versions of the PSA and FIEA would be enforced

April Fools, Celebrity Scams, & Manipulated Markets: Bad Crypto News of the Week

Source Node: https://cointelegraph.com/news/april-fools-celebrity-scams-manipulated-markets-bad-crypto-news-of-the-week
Time Stamp: April 4, 2020 3:56 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin seems to be settling happily above $6,000 and is currently just north of $6,500 again. Let’s hope we’ve seen the last of those $5,000 movements and we’re ready for a steady climb back to double figures before the halving in mid-May. It’s getting closer.In the meantime, the Federal Reserve now appears to have merged into the federal government. An opinion piece in Bloomberg has described how an alphabet soup of financial programs intended to help the economy through the current crisis is allowing the government to buy up securities

Talking Digital Future: Smart Cities

Source Node: https://cointelegraph.com/news/talking-digital-future-smart-cities
Time Stamp: April 4, 2020 11:04 AM - Modified On: May 21, 2021 - Published By:
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My journey into smart cities and their future development was a really big surprise, as the way I arrived there was not something that I had planned. I was working as the chief information officer for a company in Northern California called O'Reilly Media when I got a call from a headhunter who asked if I would consider being the chief information office for the City of Palo Alto. I can vividly remember — it was only about eight years ago — my feeling when she asked the question. The

Crypto Friendly Laws Help Boerse Stuttgart’s App Top 100,000 Users

Source Node: https://cointelegraph.com/news/crypto-friendly-laws-help-boerse-stuttgarts-app-top-100-000-users
Time Stamp: April 2, 2020 10:27 PM - Modified On: August 29, 2021 - Published By:
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The cryptocurrency trading app of Germany’s second-largest stock exchange, Boerse Stuttgart, exceeded 100,000 users on March 30 amid increasingly permissive regulations in the country.The Bison app, which launched on Jan. 31st, 2019, has attracted a six-figure user base in just 14 months.Bison users grow 40% during Q1 2020Ulli Spankowski, the chief executive of Boerse Stuttgart Digital Ventures subsidiary and developer of the Bison app, Sowa Lab GmbH, notes that the milestone has been reached amid a 40% growth in users since the start of 2020. Boerse Stuttgart’s app supports Bitcoin (BTC),