News

Germany to Reposition itself in the Fintech Area!

Almanya Fintech Alanında Kendini Yeniden Konumlandıracak!

Germany's Federal Ministry of Finance and the Federal Ministry for Justice and Consumer Protection published an article focusing on the regulation of electronic securities and private encryption areas that will reposition the German fintech industry.

The report published an article on the regulation of the Federal Ministry of Finance and the Federal Ministry of Justice and Consumer Protection on electronic securities and initial coin offers (ICO).

Reference was made to March 12, 2018, a coalition agreement that tried to make the country a leading financial technology and digitization center and also developed a solid block chain strategy.

In the area of electronic securities, it was stated that existing German regulations regulating securities should be implemented with restrictions. Likewise, it has been proposed that the issuance of these securities may be technology-neutral and can thus be offered using distributed notebook technology (DLT).

ICONAs for the area of regulation, it was noted that in the past, crypto currencies were offered under the Securities Trade Law without being classified as investments, securities or other financial instruments.

Germany Fintech Capital Market Laws

This crypto removal will not be subject to the current regulations of the capital market and will be contrary to the issuance of electronic bonds, which may still be subject to the law.

Therefore, the article attempts to discuss the best ways to organize ICOs to promote consumer protection.

As such, the Federal Ministry of Finance and the Federal Ministry for Justice and Consumer Protection seek to provide a comprehensive understanding of the measures mentioned in the draft and which would lead to drafting the bill.

”The German government consulted with experts in the blockchain community to understand the potential of DLT before the 2019 strategy presentation.“

On October 22, 2018 BTCManager, the legislators in Germany blockchain technology and cryptocurrency also said they are trying to establish a legal framework to manage their units.

Up Next

Paying Coffee With Bitcoin Can Cause Tax Problems!

Don't Miss

Alibaba Coin Decided to Change the Name of Deal with the E-Commerce Giant!

Oğuzhan Gökduman

Click to comment

Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph