Tag: Approve

Ethereum Coders Approve 6 Changes for Upcoming Istanbul Hard Fork

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Ethereum core developers finalized late Thursday a list of six different code changes to be activated for ethereum’s next system-wide upgrade, Istanbul. As agreed in prior meetings, Istanbul will be executed in two parts. The first, which will feature all six code changes, or ethereum improvement proposals (EIPs), is tentatively expected to execute on ethereum mainnet this October. The second, which is scheduled for mainnet activation sometime in the first quarter of next year, will feature EIPs requiring further testing and deliberation from core developers. Those include a proposed mining algorithm…

French Regulators Set to Approve Bitcoin-Linked Firms

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France’s financial watchdog, the Financial Markets Authority (AMF) has announced plans to implement a new set of rules that will govern bitcoin and crypto-based businesses in the region. The regulation is expected to go live later this month, and it takes care of essential pain points like consumer protection, tax remittance and capital requirements, reports Reuters on July 17, 2019. French Regulators Enact Amenable Crypto Laws Per sources close to the matter, these are exciting times indeed for blockchain and cryptocurrency-linked startups in France, as the nation’s financial authority is…

France Set to Approve First Crypto Firms Under New Rules This Month

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France is poised to approve initial coin offerings (ICO) operators and other crypto businesses with its new regulatory approach to the sector.  ‘France is a Precursor’ As Reuters reported on July 16, the new rules — expected to take effect later this month — will enable crypto-related businesses to voluntarily submit themselves to national standards on capital requirements, consumer protection and taxation in return for the regulator’s green light.   Anne Marechal — executive director for legal affairs at the Financial Markets Authority (AMF) — told reporters that the bold crypto…

Ethereum Devs Approve First 2 Code Changes for ‘Istanbul’ Hard Fork

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Two Ethereum Improvement Proposals (EIPs) have been approved for inclusion in ethereum’s next major upgrade, Istanbul. These are the first two code changes to be officially approved for the Istanbul upgrade, which is tentatively targeted to activate on ethereum mainnet in October. In today’s bi-weekly call, developers discussed which of the nearly 30 EIPs for Istanbul would be approved and which would be rejected or delayed for a later system-wide upgrade, also called a hard fork. While the majority of EIPs still do require further discussion, two are now officially approved.…

Ethereum Devs Once Again Approve ASIC-Resistant Algorithm ProgPoW

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Ethereum (ETH) core devs once again discussed the proposed Application Specific Integrated Circuit (ASIC)-resistant Proof of Work (PoW) algorithm ProgPoW during their weekly meeting on March 15. This week, the devs again reached an overall consensus that the algorithm should be implemented, while the timeline for its implementation remains unclear. When discussing the algorithm, the developers argued over how effective ProgPoW will prove to be at diminishing the efficiency advantage of ASICs. Ethereum core developer Greg Colvin noted that the team has discussed such doubts many times in the past.…

The SEC Could Approve the First Bitcoin ETF in 2019

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For a long time now, mutual funds have dominated the cryptocurrency trading market by offering investors professional management, daily liquidity, broad diversification, and relatively low cost. Exchange Traded Funds (ETFs) enhance these benefits even further, and this is one of the main reasons why they are on the rise now more than ever. Most intellectual financial experts agree that the pros of ETFs certainly overshadow the cons by a huge margin. What are ETFs Exactly? In simple terms, an ETF is a basket of securities you can trade through a…

Regulators Explain Why Bitcoin Futures Are Easier to Approve Than Bitcoin ETFs

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Commissioners of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have come together to discuss their regulatory approaches to bitcoin futures contracts and bitcoin exchange-traded funds (ETFs). The two regulators are also open to collaborating on their oversight of crypto investment products. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations CFTC Regulating Bitcoin Futures At a Bipartisan Policy Center event entitled “The Year Ahead for Capital Markets” last week, SEC Commissioner Hester Peirce and CFTC Commissioner Brian Quintenz discussed their agencies’…

Mauritius Regulators to Approve Digital Asset Custodian Licensing Framework

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The Mauritanian Financial Services Commission (FSC) is establishing a regulatory framework for digital asset custodian services, according to an official announcement published on Feb. 8. The new regulation will be effective as of March 1 and will require custodian services “to comply with the applicable framework for [Anti Money Laundering] AML/CFT [combat financing terrorism] in line with international best practices.“ Harvesh Seegolam, the Chief Executive of the FSC said: “The FSC is committed to implementing enabling frameworks which facilitate the development of the Mauritius IFC.” According to the statement, this…

SEC Commissioner Jackson Thinks Regulator Will Approve BTC ETF, Leaked Interview Shows

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A Bitcoin (BTC) exchange-traded fund (ETF) will most likely ultimately gain approval from the United States securities regulator, according to a commissioner. The comments were reported by political journal Congressional Quarterly in a forthcoming interview leaked on Twitter on Feb. 5. Robert J. Jackson Jr., the Securities and Exchange Commission (SEC)’s only Democratic commissioner, said that despite its string of rejections of ETF applications last year, the practice will ultimately change. “Eventually, do I think someone will satisfy the standards we’ve laid out there? I hope so, yes, and I…