Top 5 news of the blockchain industry

Greetings! Too many interesting news to talk only about one! Read today’s digest and stay abreast of the latest news.

G20 countries propose global cryptocurrency taxation

Political leaders from G20 nations are calling for international regulation and taxation of cryptocurrencies to fight money laundering. The leaders have signed a document showing their desire to collaborate and look for a solution.

We will regulate crypto assets for anti-money laundering and countering the financing of terrorism in line with FATF [Financial Action Task Force] standards and we will consider other responses as needed.

https://blockchainreporter.net/2018/12/03/g20-country-leaders-call-for-international-cryptocurrency-taxation/

Intel granted Bitcoin mining system patent

The technology giant had submitted a patent entitled “Optimized SHA-256 datapath for energy-efficient high-performance Bitcoin mining” way back in the summer of 2016. It was granted at the end of last week. But it may have arrived just a little too late.

Less fortunately for Intel, its granting comes at the end of a year that’s seen Bitcoin mining in decline.

https://cryptonewsreview.com/intel-granted-bitcoin-mining-system-patent-just-as-people-are-abandoning-bitcoin-mining/

EOS node offers users financial rewards for votes, reignites decentralization debate

Yet another aspect of blockchain protocol EOS has sparked controversy this week after one of its 21 block producers appeared to offer its token holders financial rewards for voting it as a proxy. Starteos, one of the official sanctioned nodes which can approve EOS transactions, said that “after delegating Starteos.io as proxy, you could get continuous and stable EOS revenue.”

Crypto people will hate it.

https://cointelegraph.com/news/eos-node-offers-users-financial-rewards-for-votes-reignites-decentralization-debate

Estonia prepares to tighten cryptocurrency regulation

Estonia may tighten regulation of its cryptocurrency and token market as concerns about money laundering persist in the otherwise crypto-friendly nation. The country’s Financial Supervision Authority will target companies that provide access to crypto-related services.

Estonia has become one of the highly active markets for token sales and initial coin offerings (ICOs).

https://cryptovest.com/news/estonia-prepares-to-tighten-cryptocurrency-regulation/

Japan’s financial regulator to issue ICO guidelines

Japanese Financial Services Agency is soon to regulate Initial Coin Offerings. The regulation will involve investment limits “for better protecting them.”

Similar to how securities tokens are required to register with the American SEC in the United States, companies which intend to issue virtual currencies in exchange for investments will be required to register with the FSA.

https://www.ccn.com/japans-financial-regulator-to-issue-ico-guidelines-report/

 

Thank you for attention! See you soon.
GONT

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