High-ranking government officials continue to speak out on the possibility of central bank digital currencies.
<h1>New York And Ohio Consider Bills To Clarify The Legal Status Of Blockchains</h1>
New York legislature considers a bill to give legal definition to blockchains a week after Ohio makes a similar move.
<h1>Korean Supreme Court Sets Precedent With Bitcoin Confiscation Ruling</h1>
The Supreme Court of South Korea has called for the seizure of nearly 200 bitcoin that were acquired through illegal means. The decision could provide greater clarity on cryptocurrency’s legal status in the country.
<h1>Chilean Bank Reopens Cryptocurrency Exchange CryptoMKT Account Following Court Order</h1>
BancoEstado has reopened an account held by crypto exchange CryptoMKT, following a series of account closures by several banks earlier this year.
<h1>SEC’s Latest ICO Complaint Could Hint At Utility Token Debate</h1>
ETHNews spoke with attorney Jason Somensatto, who shared his thoughts on the SEC’s latest initial coin offering complaint.
<h1>Zimbabwe Court Lifts Cryptocurrency Ban</h1>
On May 24, the cryptocurrency ban placed by the Reserve Bank of Zimbabwe earlier this month was lifted by the country’s Supreme Court.
<h1>European Parliament Takes Step Toward Embracing Distributed Ledger Technology</h1>
A committee in the European Parliament passed a resolution that could lead to the use of distributed ledger technology throughout the continent.
<h1>BitLicense Woes: What Will It Take To Get Blockchain Ventures Back To New York?</h1>
The BitLicense Panel at Consensus 2018 was decidedly anti-BitLicense.
<h1>Reserve Bank Of Zimbabwe: Banks Can’t Deal In Cryptocurrency</h1>
Zimbabwe’s central bank has barred all domestic financial institutions from participating in or being affiliated with cryptocurrency.
<h1>Vermont Bill Calls For FinTech Summit To Explore Cryptocurrency Opportunities</h1>
Legislators in Vermont passed a bill that seeks to get the public and private sectors on board for blockchain adoption. Key to the strategy is a statewide FinTech summit.
<h1>Colorado Passes Bill Bringing Distributed Ledger Technology To The Forefront</h1>
On May 8 Colorado legislators passed a bill mandating the exploration of distributed ledger technology for the storage of sensitive data, banning fees on certain users of this technology, and encouraging colleges to add it to their curricula.
<h1>Trial Date Set In Critical ICO Case, Judge Weighs Legal Classification Of Cryptocurrencies</h1>
In a criminal case involving two allegedly fraudulent initial coin offerings (ICOs), a jury trial is set for January 2019. However, the judge presiding over the case has not yet ruled on the defense’s motion to dismiss, which argues unconstitutional vagueness and a lack of jurisdiction. The question: do securities laws clearly apply to the defendant’s ICOs?
<h1>Ripple Sued Over XRP In Class Action</h1>
Ripple Labs Inc is being sued for allegedly breaking state and federal laws in what plaintiff argues is a “never-ending” ICO.
<h1>South Korean Legislators Prepare Bill To Legalize ICOs</h1>
Eleven lawmakers in South Korea are pushing for the limited legalization of initial coin offerings. ICOs have been banned in South Korea since September 2017.
<h1>US House Science and Tech Subcommittees To Discuss Blockchain For Supply Chain Management</h1>
Committee on Science, Space, & Technology subcommittees will hold a hearing on a popular blockchain use case.
<h1>Australian Regulator ASIC Moves To Harden Stance On ICOs</h1>
Australian regulators are cracking down on “misleading or deceptive conduct” among initial coin offerings.
<h1>CFTC Commissioner Discusses Tokenization And Spot Market Regulation Of Cryptocurrencies</h1>
Brian Quintenz, a Republican commissioner of the CFTC, understands that the blockchain industry is full of hype and still possesses the potential to radically alter market structures.
<h1>Delaware Senate Introduces Blockchain Bills For Limited Partnerships, LLCs</h1>
On Thursday, Delaware state senators introduced two bills, which propose that limited partnerships and limited liability companies (LLCs) be allowed to use blockchain technology for record keeping and record management, as well as certain ‘electronic transmissions.’ Both bills were assigned to the Banking, Business & Insurance Committee.
<h1>Aussie Regulator Discusses Applying Existing Laws To Overseas ICOs</h1>
An Australian financial services watchdog has stated that ICOs conducted abroad may be subject to Australian laws if they accept investment from “Australian consumers.”
<h1>Russian Government Pledges Support For ICO Bill Pending Minor Changes</h1>
Russia’s executive branch has weighed in on a proposed bill to regulate ICOs, offering several suggestions on how to improve it.