US CFTC targets deeper insight into Ethereum

Posted 12 December, 2018

The US Commodity Futures Trading Commission (CFTC) wants to expand its knowledge about Ethereum, including its network, technologies and market segments that appeared afterwards.

According to the news reports, the authority filed an information inquiry saying that it is striving to get some feedback from the public regarding this technology.

"The Commodity Futures Trading Commission in furtherance of the LabCFTC initiative is seeking public comment and feedback on this Request for Input (“RFI”) in order to better inform the Commission’s understanding of the technology, mechanics, and markets for virtual currencies beyond Bitcoin, namely here Ether and its use on the Ethereum Network," as the released document reads.

As the authority stated, these comments are believed to help it to get a deeper insight into the Ethereum and thus realize the ways of more effective regulation of all related markets.

The authority noted:

"The RFI seeks to understand similarities and distinctions between certain virtual currencies, including here Ether and Bitcoin, as well as Ether-specific opportunities, challenges, and risks."

There are 25 issues that should be clarified that have been classified by the corresponding categories (about network, technologies, market, supervision, network management, etc.).

According to the press release, the comments are accepted within 60 days from the date of the inquiry publication in the Federal Register. All interested parties can provide their comments via e-mail, mail or in person.

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12 December, 2018 13:43

← Gibraltar Blockchain Exchange to provide crypto insurance service

All cryptocurrencies listed at the Gibraltar Blockchain Exchange (GBX) have got insurance coverage. The branch of the Gibraltar Stock Exchange, GBX platform entered into an agreement with Gibraltar-based insurance company Callaghan to secure the coverage for the assets available at the GBX, as the company stated Monday. With this service, the platform will become even more attractive for the potential clients, as commented exchange CEO.

Gibraltar Blockchain Exchange to provide crypto insurance service

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11 December, 2018 17:09

UK MP makes motion to introduce tax payments in cryptos →

The UK MP Eddie Hughes has put forward a proposal to allow people to pay taxes and utility bills with digital coins. He reportedly stated that the government may provide people with an ability to chose what payment method will be more suitable for them in terms of paying taxes and utility services, adding cryptos as an alternative. Hughes highlighted that the blockchain technology is spreading at high speed in the world and becomes more and more attractive, so MPs also have to understand it. This proposal follows the decision of the authorities in Ohio State (USA) to enable Ohio-registered companies to use bitcoins for tax payments.  

UK MP makes motion to introduce tax payments in cryptos
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