UAE Securities Watchdog Approves Plan to Regulate ICOs

The securities and commodities regulator in the United Arab Emirates has approved a plan to adopt comprehensive regulations for crowdfunding through ICOs and recognize tokens as securities. The decision comes after a review of best practices in other countries and signals a change in its position regarding initial coin offerings. Earlier this year investors were … Read more

California Passes Bill Defining Blockchain and Crypto Terms

A draft law designed to amend California’s legislation to create legal grounds for the implementation of crypto-related technologies has been passed by the state’s legislature. Assembly Bill 2658 amends the California Civil Code, Government Code, Corporations Code, and Insurance Code to legalize the use of blockchain secured data and smart contracts in local and foreign … Read more

Wormhole Developers Address Rumors Concerning Protocol Security

On August 1 news.Bitcoin.com reported on the Wormhole project and the BCH burned to create Wormhole Cash (WHC) tokens. Since then there’s been a lot happening in the BCH environment, and Wormhole developers have felt the need to address the public with a statement concerning rumors spreading regarding the security of the protocol. The Wormhole … Read more

Korean Province to Replace Local Currencies With Crypto

An eastern South Korean province plans to issue its own cryptocurrency to replace the local currencies of its nine cities, according to local media. An exchange will be established for the new crypto. The coins can be used for payments within the province and merchants can accept them using smartphone QR codes. Also read: Yahoo! Japan … Read more