the Options and Futures-Commission of the United States asks: What Smart Contracts are? In the US representative house two resourceful members, however, are more advanced and want to make the United States to the forefront of crypto-currencies.

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9. December 2018 share Facebook Twitter LinkedIn xing mail

Meanwhile, wants to allow Japan ICOs, after Token Sales in the Land of the rising sun fell with the friendly support of Coincheck out of favor. To greet, finally, the Groundhog Once again: The SEC deferred its decision to VanECK Bitcoin ETF once again.

CFTC: What Smart Contracts are?

The Commodity Futures and Exchange Commission (the CFTC) deals comprehensively with Smart Contracts. The authority, defined in a 32-page document, what are Smart Contracts. A long-overdue step, as one would think.

According to the Definition, the CFTC, the core features of Smart Contracts:

authentication of claims of Ownership of digital Assets, identity management, access to external information and data, the actions to trigger the automated execution of processes

The authority supported also Vitalik Buterins-set-Definition of Smart Contracts:

„A Smart Contract is a mechanism that relates two or more Participants, in the case of the some or all of the parties Involved in digital assets and the Assets automatically according to a formula based on certain data, at the time of the contract opening is not yet known, these parties are distributed.“

So much for that.

Japanese stock exchange, the FSA: a Comprehensive ICO-regulation announced

The Japanese stock exchange regulator, Financial Service Agency (FSA) could legalize ICOs, soon completely. So investors have is the opportunity to invest in Token Sales. This is from an internal meeting of the authority, as Jiji reported.

ICOs had fallen in the Asian state in the course of the Coincheck-Hacks in disgrace. Then the government tightened the regulatory requirements, BTC-ECHO reported.

The new regulatory measures include a mandatory registration with the FSA as well as the obligation, for each of the ICO release a new Token.

U.S. law, draft: crypto-positive

occupying The draft law, „The Virtual Currency Consumer Protection Act of 2018“ and „The U.S. Virtual-Currency Market and Regulatory Competitiveness Act of 2018“ the USA to „crypto-pioneer,“ on the part of the responsible deputies Soto and Ted Budd Darren.

Because virtual currencies such as Bitcoin and the Blockchain technology could have a far-reaching potential and promise of enormous economic growth.

„we must ensure, Therefore, that the United States in the protection of consumers and the financial well-being of the investors of virtual currencies at the forefront and at the same time an environment for creating innovations in order to maximize the potential of these technological advances“,

it is said in the Statement.

One of the main contents of the draft legislation is, therefore, the protection of investors. When the members vote on the two designs is not known.

the SEC deferred decision to VanEck Bitcoin ETF

The VanEck Bitcoin ETF is expected to be in the scene hot. As the U.S. securities and exchange Commission Securities and Exchange Commission (SEC) communicated in a press release, you need to be patient investors.

„The SEC is referred to the 27. February 2019 as the date up to which the Commission has either approved the proposed rule change [Listing of the VanEck SolidX Bitcoin Trust] or rejects“,

it is, in a way.

Thus, the SEC postponed their decision to VanEck Bitcoin ETF for the third Time. A Bitcoin ETF would be an important Signal for the investors. Finally, an approval could ensure that even large investors can invest in Bitcoin.

crypto-Influencer Nicolas Merten summarizes the importance of a Bitcoin ETF as follows: