Presentation slides for my talk on Blockchain Regulation presented on September 24th 2018 at the Seattle Blockchain Technology Summit.
For more information visit my website: https://www.conorbronsdon.com/
Cryptocurrency-recommended coins and purposeswatt promj
The document provides an overview and recommendations for four cryptocurrencies - Bitcoin, Ethereum, Cardano, and Polygon. It discusses the purpose and value of each coin, including Bitcoin's role as the first decentralized currency, Ethereum's support of smart contracts and applications like DeFi and NFTs, Cardano's goal of an environmentally-friendly blockchain, and Polygon's focus on scalability and interoperability. The document argues that while Bitcoin was first, Ethereum offers the most potential for growth due to the popularity of platforms it enables. It recommends having a diversified portfolio that includes Ethereum for its long-term upside potential.
A COMPREHENSIVE PROJECT ON BITCOIN WITH REFERENCE TO INDIANsv Raghavendra
The document provides an overview of cryptocurrencies such as Bitcoin. It begins by defining cryptocurrency and how it differs from traditional currencies by not requiring a central authority. It then discusses the origins and creation of Bitcoin by Satoshi Nakamoto as the first cryptocurrency. It provides details on how Bitcoin works, including how new Bitcoins are mined through solving computational puzzles and transactions are recorded on the blockchain. It also discusses the volatility of Bitcoin pricing and how its value has fluctuated significantly over time. In closing, it briefly touches on Bitcoin ATMs which allow people to purchase Bitcoin using cash.
The future of cryptocurrency—some challenges
As we gaze into our crypto ball, let’s see what the future of cryptocurrency has in store for traders. With many experts estimating that the 2020 COVID-19 pandemic has hastened the decline of cash by almost five years, few are asking whether digital currencies will actually succeed (they have already). Instead, it’s a matter of when they’ll go mainstream. Nevertheless, there are some challenges ahead.
Perceptions
A significant generational divide exists when it comes to adoption rates of cryptocurrencies. Older generations are typically more sceptical of crypto’s long-term viability, expressing fears about volatile financial bubbles as well as uncertainty over how cryptocurrencies actually work.
The regulation for any new area is better than its ban. Shying away from framing regulation to deal with a new technology does not prove the efficiency of the Government.
Neobank is taking over the Fintech industry by Ne Dofofan globally. Every day we see a Neo player in the market whose main purpose is to make financial services simpler.
What is Cryptocurrencies? Impact on World Economy & Indian Economyhritviksoni2
This document discusses cryptocurrencies and their impact on the world economy and India. It defines cryptocurrencies and different types like Bitcoin, Ethereum, Litecoin, and Monero. It explains how cryptocurrencies are challenging the US dollar's dominance, cutting out middlemen in financial transactions, and enabling new decentralized markets and crowdfunding methods. In India, cryptocurrencies are not officially recognized as currency but their use is growing, though legal status remains unclear. India's demonetization drove some to use cryptocurrencies due to cash shortages.
Bitcoin - Introduction to Virtual Currency / CryptocurrencySwaminath Sam
The power point presentation talks about history of bitcoin and features, it also talks about how it works and what are all the challenges involved in using new innovative financial instrument...
Cryptocurrency-recommended coins and purposeswatt promj
The document provides an overview and recommendations for four cryptocurrencies - Bitcoin, Ethereum, Cardano, and Polygon. It discusses the purpose and value of each coin, including Bitcoin's role as the first decentralized currency, Ethereum's support of smart contracts and applications like DeFi and NFTs, Cardano's goal of an environmentally-friendly blockchain, and Polygon's focus on scalability and interoperability. The document argues that while Bitcoin was first, Ethereum offers the most potential for growth due to the popularity of platforms it enables. It recommends having a diversified portfolio that includes Ethereum for its long-term upside potential.
A COMPREHENSIVE PROJECT ON BITCOIN WITH REFERENCE TO INDIANsv Raghavendra
The document provides an overview of cryptocurrencies such as Bitcoin. It begins by defining cryptocurrency and how it differs from traditional currencies by not requiring a central authority. It then discusses the origins and creation of Bitcoin by Satoshi Nakamoto as the first cryptocurrency. It provides details on how Bitcoin works, including how new Bitcoins are mined through solving computational puzzles and transactions are recorded on the blockchain. It also discusses the volatility of Bitcoin pricing and how its value has fluctuated significantly over time. In closing, it briefly touches on Bitcoin ATMs which allow people to purchase Bitcoin using cash.
The future of cryptocurrency—some challenges
As we gaze into our crypto ball, let’s see what the future of cryptocurrency has in store for traders. With many experts estimating that the 2020 COVID-19 pandemic has hastened the decline of cash by almost five years, few are asking whether digital currencies will actually succeed (they have already). Instead, it’s a matter of when they’ll go mainstream. Nevertheless, there are some challenges ahead.
Perceptions
A significant generational divide exists when it comes to adoption rates of cryptocurrencies. Older generations are typically more sceptical of crypto’s long-term viability, expressing fears about volatile financial bubbles as well as uncertainty over how cryptocurrencies actually work.
The regulation for any new area is better than its ban. Shying away from framing regulation to deal with a new technology does not prove the efficiency of the Government.
Neobank is taking over the Fintech industry by Ne Dofofan globally. Every day we see a Neo player in the market whose main purpose is to make financial services simpler.
What is Cryptocurrencies? Impact on World Economy & Indian Economyhritviksoni2
This document discusses cryptocurrencies and their impact on the world economy and India. It defines cryptocurrencies and different types like Bitcoin, Ethereum, Litecoin, and Monero. It explains how cryptocurrencies are challenging the US dollar's dominance, cutting out middlemen in financial transactions, and enabling new decentralized markets and crowdfunding methods. In India, cryptocurrencies are not officially recognized as currency but their use is growing, though legal status remains unclear. India's demonetization drove some to use cryptocurrencies due to cash shortages.
Bitcoin - Introduction to Virtual Currency / CryptocurrencySwaminath Sam
The power point presentation talks about history of bitcoin and features, it also talks about how it works and what are all the challenges involved in using new innovative financial instrument...
Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual. It's like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin yet and some countries have banned it altogether.
In this article, we review the basics of Bitcoin, its main characteristics and opportunities as well as interesting innovations that have recently been developed in various parts of the world.
This document discusses the history of money and digital currencies like cryptocurrency. It covers different electronic money systems such as centralized, decentralized, and mobile digital wallets. It provides details on popular cryptocurrencies like Bitcoin and Monero. It addresses the impact of India's demonetization on its economy and population turning to Bitcoin. The document compares advantages of digital currencies like privacy and security against disadvantages like fraud risk. It recommends developing legal guidelines and a secure digital currency system with collaboration between financial institutions and technology companies.
This document discusses the evolution of digital cash and cryptocurrencies like Bitcoin. It outlines the goals and concerns of a cashless society, provides background on early digital cash systems, and describes how Bitcoin introduced a decentralized digital currency using cryptography. The document reviews Bitcoin statistics and applications, discusses security issues and regulatory concerns, and considers Bitcoin's potential future prospects as an independent digital currency.
Digital currencies new technology new business modelShiva Bissessar
This document discusses digital currencies like Bitcoin and their potential applications and regulatory issues. It provides an overview of Bitcoin and how it works as a decentralized digital currency. It then discusses opportunities for Bitcoin in facilitating low-cost remittances and challenges around volatility, anonymity, and risks of financial crimes. The document advocates for multi-stakeholder engagement to better understand digital currencies and establish appropriate policies and regulations.
This document provides an overview of Bitcoin, including:
- Bitcoin is a cryptocurrency based on peer-to-peer networks that allows for anonymous and low-cost cross-border transactions.
- Regulators face unique challenges in regulating Bitcoin due to its complex computer code and decentralized structure without a central authority.
- While Bitcoin provides benefits like low transaction fees, it has also been used for illegal activities due to its anonymity, which is a concern for regulators.
The document discusses digital currencies like Bitcoin and their potential future impact. It provides background on cryptocurrencies and how they work using blockchain technology. While cryptocurrencies provide benefits like improved security and lower transaction costs, there are also drawbacks around volatility, electricity use, and potential illicit use. The document considers whether cryptocurrencies could reach a tipping point and become more widely adopted, and what scenarios might emerge in the future as these new digital currencies continue to develop and evolve.
Bitcoin is a digital currency introduced in 2009 that uses cryptography to control the creation and transfer of money. It works using a decentralized ledger called a blockchain that records all transactions. Users can obtain bitcoins through mining or exchanges with other currencies. While it offers advantages like lack of central control, bitcoins have also been associated with illicit activity and many countries regulate or restrict their use.
Bitcoin's market cap could hit $1 trillion in 2021 as its growing reserve currency status drives adoption higher, a cryptocurrency expert says.
In this PANGEA report were provide an insightful perspective on cryptocurrencies, blockchain and the possibility of an emerging new asset class.
This presentation discusses electronic currency and different types of cryptocurrencies such as Bitcoin, Litecoin, Peercoin, and Namecoin. It defines these currencies and explains how they use encryption techniques to regulate currency generation and transfer funds without a central bank. The presentation also outlines advantages of Bitcoin such as freedom in payment, control/security, and low fees, but also notes disadvantages like lack of awareness, risk/volatility, and being still in development.
Cryptocurrencies like Bitcoin have significant economic, social, and political impacts. Economically, they increase global investment and financial access but also create high volatility. Socially, they enable pseudonymous transactions but also allow for potential criminal uses of anonymity. Politically, they can undermine government control of currency but also make regulation difficult. Overall, the document discusses both benefits and challenges of cryptocurrencies across many domains.
This document discusses security challenges facing family offices with regards to privacy, cyber threats, and cryptocurrencies. It notes that family offices are targets due to governments seeking revenue, opaque sources of wealth, and lack of security resources. It outlines how family offices can be covertly targeted through social engineering, hacking, and malware. The document then focuses on challenges of cryptocurrencies like bitcoin, including lack of regulation, anonymity enabling money laundering, and risk of government intervention. It provides background on bitcoin and key terms. Finally, it advises family offices on protecting themselves through principles-based governance and practicing offensive cybersecurity tactics.
bitcoin
cryptocurrency
There are two main ways the block chain ledger can be corrupted to steal
bitcoins: by fraudulently adding to or modifying it. The bitcoin system protects
the blockchain against both using a combination of digital
signatures and cryptographic hashes.
hashsalim@gmail.com
This presentation talks how the Bitcoin works, what is the history of Bitcoin, features of Bitcoin, Bitcoin Mining, advantages, and disadvantages. It explains briefly about Bitcoins in India.
This document provides an overview of cryptocurrency and its potential opportunities and threats for businesses. It discusses how cryptocurrency has grown significantly in recent years, with Bitcoin being the largest, established in 2008. Ethereum and Dogecoin are also summarized. The document then analyzes strengths, weaknesses, opportunities and threats of cryptocurrency adoption for businesses. It notes opportunities like using crypto for cloud storage, smart contracts, and stakeholding, but also weaknesses like volatility and threats like regulation. While forecasted to rise, the document concludes that widespread business adoption faces barriers and uncertainties remain about crypto's long term role in commerce.
Indian approach on bitcoins, cryptocurrencies and blockchain – legal practica...Vijay Dalmia
This document provides an overview of blockchain technology and cryptocurrencies according to Indian law. It discusses that blockchain is distinct from cryptocurrencies, which are based on but not the same as blockchain. It outlines that while blockchain is legally recognized, cryptocurrencies are not considered legal tender in India and fall into a legal gray area. The document also examines how existing Indian laws around banking, currency, securities, and money transmission may apply to cryptocurrency.
This document provides an introduction to cryptocurrency and blockchain. It defines cryptocurrency as a digital asset used for exchange that utilizes cryptography to securely transfer transactions recorded on a public ledger. Blockchain is described as the system created for Bitcoin, which is an open-source decentralized ledger maintained across computer nodes. Transactions are grouped into blocks that must be validated by nodes to reach consensus before being added to the chain. The document discusses origins of Bitcoin and blockchain, new related terminology, and potential legal issues and future predictions for the technologies.
This presentation by Vedat Akiray from Boğaziçi University took place at the Workshop on Digital Financial Assets at the OECD in Paris on 16 May 2018. Find out more at http://www.oecd.org/finance/2018-workshop-digital-financial-assets.htm
Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency - is a type of money that is completely virtual. It's like an online version of cash. You can use it to buy products and services, but not many shops accept Bitcoin yet and some countries have banned it altogether.
In this article, we review the basics of Bitcoin, its main characteristics and opportunities as well as interesting innovations that have recently been developed in various parts of the world.
This document discusses the history of money and digital currencies like cryptocurrency. It covers different electronic money systems such as centralized, decentralized, and mobile digital wallets. It provides details on popular cryptocurrencies like Bitcoin and Monero. It addresses the impact of India's demonetization on its economy and population turning to Bitcoin. The document compares advantages of digital currencies like privacy and security against disadvantages like fraud risk. It recommends developing legal guidelines and a secure digital currency system with collaboration between financial institutions and technology companies.
This document discusses the evolution of digital cash and cryptocurrencies like Bitcoin. It outlines the goals and concerns of a cashless society, provides background on early digital cash systems, and describes how Bitcoin introduced a decentralized digital currency using cryptography. The document reviews Bitcoin statistics and applications, discusses security issues and regulatory concerns, and considers Bitcoin's potential future prospects as an independent digital currency.
Digital currencies new technology new business modelShiva Bissessar
This document discusses digital currencies like Bitcoin and their potential applications and regulatory issues. It provides an overview of Bitcoin and how it works as a decentralized digital currency. It then discusses opportunities for Bitcoin in facilitating low-cost remittances and challenges around volatility, anonymity, and risks of financial crimes. The document advocates for multi-stakeholder engagement to better understand digital currencies and establish appropriate policies and regulations.
This document provides an overview of Bitcoin, including:
- Bitcoin is a cryptocurrency based on peer-to-peer networks that allows for anonymous and low-cost cross-border transactions.
- Regulators face unique challenges in regulating Bitcoin due to its complex computer code and decentralized structure without a central authority.
- While Bitcoin provides benefits like low transaction fees, it has also been used for illegal activities due to its anonymity, which is a concern for regulators.
The document discusses digital currencies like Bitcoin and their potential future impact. It provides background on cryptocurrencies and how they work using blockchain technology. While cryptocurrencies provide benefits like improved security and lower transaction costs, there are also drawbacks around volatility, electricity use, and potential illicit use. The document considers whether cryptocurrencies could reach a tipping point and become more widely adopted, and what scenarios might emerge in the future as these new digital currencies continue to develop and evolve.
Bitcoin is a digital currency introduced in 2009 that uses cryptography to control the creation and transfer of money. It works using a decentralized ledger called a blockchain that records all transactions. Users can obtain bitcoins through mining or exchanges with other currencies. While it offers advantages like lack of central control, bitcoins have also been associated with illicit activity and many countries regulate or restrict their use.
Bitcoin's market cap could hit $1 trillion in 2021 as its growing reserve currency status drives adoption higher, a cryptocurrency expert says.
In this PANGEA report were provide an insightful perspective on cryptocurrencies, blockchain and the possibility of an emerging new asset class.
This presentation discusses electronic currency and different types of cryptocurrencies such as Bitcoin, Litecoin, Peercoin, and Namecoin. It defines these currencies and explains how they use encryption techniques to regulate currency generation and transfer funds without a central bank. The presentation also outlines advantages of Bitcoin such as freedom in payment, control/security, and low fees, but also notes disadvantages like lack of awareness, risk/volatility, and being still in development.
Cryptocurrencies like Bitcoin have significant economic, social, and political impacts. Economically, they increase global investment and financial access but also create high volatility. Socially, they enable pseudonymous transactions but also allow for potential criminal uses of anonymity. Politically, they can undermine government control of currency but also make regulation difficult. Overall, the document discusses both benefits and challenges of cryptocurrencies across many domains.
This document discusses security challenges facing family offices with regards to privacy, cyber threats, and cryptocurrencies. It notes that family offices are targets due to governments seeking revenue, opaque sources of wealth, and lack of security resources. It outlines how family offices can be covertly targeted through social engineering, hacking, and malware. The document then focuses on challenges of cryptocurrencies like bitcoin, including lack of regulation, anonymity enabling money laundering, and risk of government intervention. It provides background on bitcoin and key terms. Finally, it advises family offices on protecting themselves through principles-based governance and practicing offensive cybersecurity tactics.
bitcoin
cryptocurrency
There are two main ways the block chain ledger can be corrupted to steal
bitcoins: by fraudulently adding to or modifying it. The bitcoin system protects
the blockchain against both using a combination of digital
signatures and cryptographic hashes.
hashsalim@gmail.com
This presentation talks how the Bitcoin works, what is the history of Bitcoin, features of Bitcoin, Bitcoin Mining, advantages, and disadvantages. It explains briefly about Bitcoins in India.
This document provides an overview of cryptocurrency and its potential opportunities and threats for businesses. It discusses how cryptocurrency has grown significantly in recent years, with Bitcoin being the largest, established in 2008. Ethereum and Dogecoin are also summarized. The document then analyzes strengths, weaknesses, opportunities and threats of cryptocurrency adoption for businesses. It notes opportunities like using crypto for cloud storage, smart contracts, and stakeholding, but also weaknesses like volatility and threats like regulation. While forecasted to rise, the document concludes that widespread business adoption faces barriers and uncertainties remain about crypto's long term role in commerce.
Indian approach on bitcoins, cryptocurrencies and blockchain – legal practica...Vijay Dalmia
This document provides an overview of blockchain technology and cryptocurrencies according to Indian law. It discusses that blockchain is distinct from cryptocurrencies, which are based on but not the same as blockchain. It outlines that while blockchain is legally recognized, cryptocurrencies are not considered legal tender in India and fall into a legal gray area. The document also examines how existing Indian laws around banking, currency, securities, and money transmission may apply to cryptocurrency.
This document provides an introduction to cryptocurrency and blockchain. It defines cryptocurrency as a digital asset used for exchange that utilizes cryptography to securely transfer transactions recorded on a public ledger. Blockchain is described as the system created for Bitcoin, which is an open-source decentralized ledger maintained across computer nodes. Transactions are grouped into blocks that must be validated by nodes to reach consensus before being added to the chain. The document discusses origins of Bitcoin and blockchain, new related terminology, and potential legal issues and future predictions for the technologies.
This presentation by Vedat Akiray from Boğaziçi University took place at the Workshop on Digital Financial Assets at the OECD in Paris on 16 May 2018. Find out more at http://www.oecd.org/finance/2018-workshop-digital-financial-assets.htm
This document summarizes recent global regulatory developments related to bitcoin and virtual currencies. It discusses regulatory actions and perspectives from the US, Canada, Russia, India, and China. In the US, New York plans to issue a "BitLicense" for virtual currency businesses. Canada has taken a generally hands-off approach but its anti-money laundering agency FINTRAC is now considering regulations. Russia and India have issued warnings about virtual currencies while China has banned their use by banks and merchants. Overall regulatory approaches to bitcoin are still developing worldwide as these new technologies emerge.
This is a presentation on the basics of bitcoin, some of the legal considerations surrounding bitcoin, and some of the opportunities presented by bitcoin.
Bitcoin, Block Chain, Cryptocurrency and ICOs: A Legal Perspectiveideatoipo
Block chain, bitcoin and other cryptocurrencies, and ICOs have dominated recent headlines. While excitement continues to grow around this rapidly expanding space, there still seems to be a lot of unanswered questions. Roger Royse, founder of the Royse Law Firm, will discuss the legal issues that may determine the future of these emerging technologies.
Kowit Somwaiya gave a presentation on initial coin offerings (ICOs) and cryptocurrencies. He began by defining different types of currencies, then discussed popular cryptocurrencies like Bitcoin and Ethereum. He explained how ICOs work as a new way to raise funds, noting they allow borderless fundraising through token sales. Legal issues were also covered, as Thailand currently has no specific laws on ICOs. The presentation concluded by outlining the Securities Exchange Commission of Thailand's proposed regulatory approach for ICOs.
Cryptocurrencies: The Mechanics Economic and FinanceErnie Teo
Presented at the INAUGURAL CAIA-SKBI CRYPTOCURRENCY CONFERENCE 2014 on 04 November 2014 held at the Singapore Management University
This talk gives a general overview of Bitcoin and other cryptocurrencies.
AEF2016 - Макс Хаузер - Blockchain Technology and Applications in the Financi...Kazakhtelecom JSC
This document discusses the growing blockchain ecosystem and investments in blockchain technology. It notes that over 340 companies have received a total of $1.2 billion in funding as of December 2015. While most funding is still focused on digital currencies like Bitcoin, areas like smart contracts and payments/settlement are gaining traction. However, blockchain applications are still in early stages, with many companies still undefined and two-thirds of funding at seed/Round A stages. The document outlines some key areas of blockchain like digital currency, payments, smart contracts, and infrastructure/open source. It also discusses increasing interest from banks in exploring blockchain use cases and emerging offerings across retail, corporate, and capital market segments.
It's a presented presentation by MPA student of King's Own Institute.
Students were Manisha Manandhar, Kumar Magar, Rakesh Maharjan, Nishan Jung Karki, Madan Bahadur Bista and Bikash Tamang.
Here are some key points in response to your questions about ICOs and compliance:
- Financial statements and audits can help provide transparency about a project's finances and use of funds. However, there are currently no uniform accounting or auditing standards for ICOs.
- For a 506(c) private placement, issuers are responsible for taking reasonable steps to verify accredited investor status, such as reviewing documentation. Engaging a broker-dealer may help mitigate some legal risks but does not eliminate the issuer's obligations.
- Restrictions under Reg A and Reg CF apply to all participants in a US offering, regardless of location. However, these rules do not prevent non-US persons from participating in offerings that do
CryptoCamp Version 1.0 as of Mar. 15, 2019Charles Adjovu
An introductory guide to the blockchain industry (cryptocurrency included) that covers the industry's history, a know-how tutorial for cryptocurrencies, short introduction to the underlying technology, the major players in the Bitcoin network, and blockchain industry jargon.
Columbia Law School - Decentralized Ledgers Presentation on 4/7/2014Ldger, Inc
Principals from Tillit explore the business and legal implications of advanced blockchain technologies, including smart contracts, digital stored value and the concepts of "code as law"
“As a layperson -let us understand- cryptocurrency and how it works.pdfRAVI TIKU
All of us listen so much about the cryptocurrency and its usage being done for the various transactions, but we still don’t know the basics of this currency and how it is transacted, and under which regulatory board or exchange their indices are maintained. I thought let us discuss the simple basics of the same and try to understand what exactly it is and how it affects the transactional market internationally.
This slide deck is as part of a online webinar that happened on Mar 18 2017.The meetup was organized to talk more about Cryptocurrency and current Regulatory Environment surrounding it. There was be a presentation followed by Q&A.
For more details please reach out to me on https://twitter.com/twitmyreview or via mail bobquest33@gmail.com
Webinar: Bitcoin, Blockchain, and the LawLogikcull
Erica G. Wilson, of Vuono & Gray, and Stephen T. Middlebrook, of Womble Carlyle, look at the basics of blockchain and bitcoin technology, the legal issues they raise, and the evolving regulatory landscape.
The document discusses cryptocurrency and ICO regulations in the United States. It outlines that the US currently lacks coherent cryptocurrency regulation, but that the SEC has warned of risks and halted some ICOs. It may treat cryptocurrencies as currencies or securities. ICOs likely meet the definition of securities under the Howey Test. Both the SEC and CFTC are exploring how to regulate cryptocurrencies and ICOs. FinCEN also views ICOs and exchanges as money transmitters. There are legal implications if ICOs are deemed securities since most did not register with the SEC as would be required. Regulations may also vary by state. The document concludes by noting the need for care and wisdom when participating in cryptoc
Blockchain technology enables the creation of a decentralized environment where cryptographically validated transactions and data are not controlled by any third party. Any transaction is recorded in an immutable ledger in a verifiable, secure, and permanent way. The term "blockchain" was first coined in 2009 by Satoshi Nakamoto in the original source code for Bitcoin. Blockchain is characterized by censorship resistance, immutability, and global usability, and is decentralized politically and architecturally. Users have autonomy to access and help maintain the blockchain through mining.
Similar to Blockchain Regulation in Washington State - and Beyond (20)
Trusted Execution Environment for Decentralized Process MiningLucaBarbaro3
Presentation of the paper "Trusted Execution Environment for Decentralized Process Mining" given during the CAiSE 2024 Conference in Cyprus on June 7, 2024.
Digital Banking in the Cloud: How Citizens Bank Unlocked Their MainframePrecisely
Inconsistent user experience and siloed data, high costs, and changing customer expectations – Citizens Bank was experiencing these challenges while it was attempting to deliver a superior digital banking experience for its clients. Its core banking applications run on the mainframe and Citizens was using legacy utilities to get the critical mainframe data to feed customer-facing channels, like call centers, web, and mobile. Ultimately, this led to higher operating costs (MIPS), delayed response times, and longer time to market.
Ever-changing customer expectations demand more modern digital experiences, and the bank needed to find a solution that could provide real-time data to its customer channels with low latency and operating costs. Join this session to learn how Citizens is leveraging Precisely to replicate mainframe data to its customer channels and deliver on their “modern digital bank” experiences.
Your One-Stop Shop for Python Success: Top 10 US Python Development Providersakankshawande
Simplify your search for a reliable Python development partner! This list presents the top 10 trusted US providers offering comprehensive Python development services, ensuring your project's success from conception to completion.
Main news related to the CCS TSI 2023 (2023/1695)Jakub Marek
An English 🇬🇧 translation of a presentation to the speech I gave about the main changes brought by CCS TSI 2023 at the biggest Czech conference on Communications and signalling systems on Railways, which was held in Clarion Hotel Olomouc from 7th to 9th November 2023 (konferenceszt.cz). Attended by around 500 participants and 200 on-line followers.
The original Czech 🇨🇿 version of the presentation can be found here: https://www.slideshare.net/slideshow/hlavni-novinky-souvisejici-s-ccs-tsi-2023-2023-1695/269688092 .
The videorecording (in Czech) from the presentation is available here: https://youtu.be/WzjJWm4IyPk?si=SImb06tuXGb30BEH .
5th LF Energy Power Grid Model Meet-up SlidesDanBrown980551
5th Power Grid Model Meet-up
It is with great pleasure that we extend to you an invitation to the 5th Power Grid Model Meet-up, scheduled for 6th June 2024. This event will adopt a hybrid format, allowing participants to join us either through an online Mircosoft Teams session or in person at TU/e located at Den Dolech 2, Eindhoven, Netherlands. The meet-up will be hosted by Eindhoven University of Technology (TU/e), a research university specializing in engineering science & technology.
Power Grid Model
The global energy transition is placing new and unprecedented demands on Distribution System Operators (DSOs). Alongside upgrades to grid capacity, processes such as digitization, capacity optimization, and congestion management are becoming vital for delivering reliable services.
Power Grid Model is an open source project from Linux Foundation Energy and provides a calculation engine that is increasingly essential for DSOs. It offers a standards-based foundation enabling real-time power systems analysis, simulations of electrical power grids, and sophisticated what-if analysis. In addition, it enables in-depth studies and analysis of the electrical power grid’s behavior and performance. This comprehensive model incorporates essential factors such as power generation capacity, electrical losses, voltage levels, power flows, and system stability.
Power Grid Model is currently being applied in a wide variety of use cases, including grid planning, expansion, reliability, and congestion studies. It can also help in analyzing the impact of renewable energy integration, assessing the effects of disturbances or faults, and developing strategies for grid control and optimization.
What to expect
For the upcoming meetup we are organizing, we have an exciting lineup of activities planned:
-Insightful presentations covering two practical applications of the Power Grid Model.
-An update on the latest advancements in Power Grid -Model technology during the first and second quarters of 2024.
-An interactive brainstorming session to discuss and propose new feature requests.
-An opportunity to connect with fellow Power Grid Model enthusiasts and users.
Ivanti’s Patch Tuesday breakdown goes beyond patching your applications and brings you the intelligence and guidance needed to prioritize where to focus your attention first. Catch early analysis on our Ivanti blog, then join industry expert Chris Goettl for the Patch Tuesday Webinar Event. There we’ll do a deep dive into each of the bulletins and give guidance on the risks associated with the newly-identified vulnerabilities.
leewayhertz.com-AI in predictive maintenance Use cases technologies benefits ...alexjohnson7307
Predictive maintenance is a proactive approach that anticipates equipment failures before they happen. At the forefront of this innovative strategy is Artificial Intelligence (AI), which brings unprecedented precision and efficiency. AI in predictive maintenance is transforming industries by reducing downtime, minimizing costs, and enhancing productivity.
Driving Business Innovation: Latest Generative AI Advancements & Success StorySafe Software
Are you ready to revolutionize how you handle data? Join us for a webinar where we’ll bring you up to speed with the latest advancements in Generative AI technology and discover how leveraging FME with tools from giants like Google Gemini, Amazon, and Microsoft OpenAI can supercharge your workflow efficiency.
During the hour, we’ll take you through:
Guest Speaker Segment with Hannah Barrington: Dive into the world of dynamic real estate marketing with Hannah, the Marketing Manager at Workspace Group. Hear firsthand how their team generates engaging descriptions for thousands of office units by integrating diverse data sources—from PDF floorplans to web pages—using FME transformers, like OpenAIVisionConnector and AnthropicVisionConnector. This use case will show you how GenAI can streamline content creation for marketing across the board.
Ollama Use Case: Learn how Scenario Specialist Dmitri Bagh has utilized Ollama within FME to input data, create custom models, and enhance security protocols. This segment will include demos to illustrate the full capabilities of FME in AI-driven processes.
Custom AI Models: Discover how to leverage FME to build personalized AI models using your data. Whether it’s populating a model with local data for added security or integrating public AI tools, find out how FME facilitates a versatile and secure approach to AI.
We’ll wrap up with a live Q&A session where you can engage with our experts on your specific use cases, and learn more about optimizing your data workflows with AI.
This webinar is ideal for professionals seeking to harness the power of AI within their data management systems while ensuring high levels of customization and security. Whether you're a novice or an expert, gain actionable insights and strategies to elevate your data processes. Join us to see how FME and AI can revolutionize how you work with data!
In the realm of cybersecurity, offensive security practices act as a critical shield. By simulating real-world attacks in a controlled environment, these techniques expose vulnerabilities before malicious actors can exploit them. This proactive approach allows manufacturers to identify and fix weaknesses, significantly enhancing system security.
This presentation delves into the development of a system designed to mimic Galileo's Open Service signal using software-defined radio (SDR) technology. We'll begin with a foundational overview of both Global Navigation Satellite Systems (GNSS) and the intricacies of digital signal processing.
The presentation culminates in a live demonstration. We'll showcase the manipulation of Galileo's Open Service pilot signal, simulating an attack on various software and hardware systems. This practical demonstration serves to highlight the potential consequences of unaddressed vulnerabilities, emphasizing the importance of offensive security practices in safeguarding critical infrastructure.
Building Production Ready Search Pipelines with Spark and MilvusZilliz
Spark is the widely used ETL tool for processing, indexing and ingesting data to serving stack for search. Milvus is the production-ready open-source vector database. In this talk we will show how to use Spark to process unstructured data to extract vector representations, and push the vectors to Milvus vector database for search serving.
Dandelion Hashtable: beyond billion requests per second on a commodity serverAntonios Katsarakis
This slide deck presents DLHT, a concurrent in-memory hashtable. Despite efforts to optimize hashtables, that go as far as sacrificing core functionality, state-of-the-art designs still incur multiple memory accesses per request and block request processing in three cases. First, most hashtables block while waiting for data to be retrieved from memory. Second, open-addressing designs, which represent the current state-of-the-art, either cannot free index slots on deletes or must block all requests to do so. Third, index resizes block every request until all objects are copied to the new index. Defying folklore wisdom, DLHT forgoes open-addressing and adopts a fully-featured and memory-aware closed-addressing design based on bounded cache-line-chaining. This design offers lock-free index operations and deletes that free slots instantly, (2) completes most requests with a single memory access, (3) utilizes software prefetching to hide memory latencies, and (4) employs a novel non-blocking and parallel resizing. In a commodity server and a memory-resident workload, DLHT surpasses 1.6B requests per second and provides 3.5x (12x) the throughput of the state-of-the-art closed-addressing (open-addressing) resizable hashtable on Gets (Deletes).
Monitoring and Managing Anomaly Detection on OpenShift.pdfTosin Akinosho
Monitoring and Managing Anomaly Detection on OpenShift
Overview
Dive into the world of anomaly detection on edge devices with our comprehensive hands-on tutorial. This SlideShare presentation will guide you through the entire process, from data collection and model training to edge deployment and real-time monitoring. Perfect for those looking to implement robust anomaly detection systems on resource-constrained IoT/edge devices.
Key Topics Covered
1. Introduction to Anomaly Detection
- Understand the fundamentals of anomaly detection and its importance in identifying unusual behavior or failures in systems.
2. Understanding Edge (IoT)
- Learn about edge computing and IoT, and how they enable real-time data processing and decision-making at the source.
3. What is ArgoCD?
- Discover ArgoCD, a declarative, GitOps continuous delivery tool for Kubernetes, and its role in deploying applications on edge devices.
4. Deployment Using ArgoCD for Edge Devices
- Step-by-step guide on deploying anomaly detection models on edge devices using ArgoCD.
5. Introduction to Apache Kafka and S3
- Explore Apache Kafka for real-time data streaming and Amazon S3 for scalable storage solutions.
6. Viewing Kafka Messages in the Data Lake
- Learn how to view and analyze Kafka messages stored in a data lake for better insights.
7. What is Prometheus?
- Get to know Prometheus, an open-source monitoring and alerting toolkit, and its application in monitoring edge devices.
8. Monitoring Application Metrics with Prometheus
- Detailed instructions on setting up Prometheus to monitor the performance and health of your anomaly detection system.
9. What is Camel K?
- Introduction to Camel K, a lightweight integration framework built on Apache Camel, designed for Kubernetes.
10. Configuring Camel K Integrations for Data Pipelines
- Learn how to configure Camel K for seamless data pipeline integrations in your anomaly detection workflow.
11. What is a Jupyter Notebook?
- Overview of Jupyter Notebooks, an open-source web application for creating and sharing documents with live code, equations, visualizations, and narrative text.
12. Jupyter Notebooks with Code Examples
- Hands-on examples and code snippets in Jupyter Notebooks to help you implement and test anomaly detection models.
FREE A4 Cyber Security Awareness Posters-Social Engineering part 3Data Hops
Free A4 downloadable and printable Cyber Security, Social Engineering Safety and security Training Posters . Promote security awareness in the home or workplace. Lock them Out From training providers datahops.com
Skybuffer SAM4U tool for SAP license adoptionTatiana Kojar
Manage and optimize your license adoption and consumption with SAM4U, an SAP free customer software asset management tool.
SAM4U, an SAP complimentary software asset management tool for customers, delivers a detailed and well-structured overview of license inventory and usage with a user-friendly interface. We offer a hosted, cost-effective, and performance-optimized SAM4U setup in the Skybuffer Cloud environment. You retain ownership of the system and data, while we manage the ABAP 7.58 infrastructure, ensuring fixed Total Cost of Ownership (TCO) and exceptional services through the SAP Fiori interface.
3. We have a PR Problem
Olive + Goose
How bitcoin is fueling America's opioid crisis
Dealer used dark web, bitcoin and
U.S. Postal Service to run national
drug business from Denver, feds
say
How Criminals And Terrorists Use
Cryptocurrency: And How To Stop It
Jamaican Traffickers Turning To Bitcoin
To Mask Trail
$60M in virtual currency stolen in Japan
virtual exchange hack
5. What are the key issues with blockchain regulation?
• Lack of regulatory certainty
• Obsolete statutes
• Lack of dialogue between regulators and other stakeholders
– including both financial service providers and blockchain
entrepreneurs.
Olive + Goose
7. The European Union
Olive + Goose
• Strong stance on data privacy
• General Data Protection Regulation (GDPR) – took effect May 25th
• Mandates EU citizens the “right to be forgotten” online
• “harmonizes” data privacy efforts across Europe
• For many blockchain companies, the “right to be forgotten” clashes with the
concepts of immutability and decentralization
• Onus is on companies to ensure that the EU threshold for data ownership (by the
individual vs by the company) is met sufficiently
Data rights of citizens
8. China
Olive + Goose
• Like many coastal Asian countries, China initially took a “business first, regulation
later” approach
• Allowed blockchain companies to operate largely without restrictions
• With the explosion of crypto in 2017, this all changed
• People’s Bank of China banned initial coin offerings (ICOs) in the country
• Major deviation: China had been considered an international refugee
• South Korea followed suit, stating that while blockchain technology was
generally encouraged within its borders, domestic ICOs were banned for the
foreseeable future.
Refuge turned catastrophe
9. Japan South Korea
Olive + Goose
• South Korea’s blockchain community has flourished in recent years
• Domestic ICOs have been banned September 2017
• “We are preparing a bill to ban virtual currency exchanges…We also aim to close
exchanges.” – January 2018
• Caused uproar
• 8 months later, began discussing guidelines to allow ICOs again
• Japan was one of the first countries in the world to recognize Bitcoin as a currency and to
issue cryptocurrency exchange licenses to businesses
• At the same time, Japanese regulatory bodies have restricted their assessment of
cryptocurrencies to Bitcoin solely, and are not ready to embrace other blockchain-powered
businesses as of now.
Uncertain times
10. How does this compare to other jurisdictions?
Olive + Goose
“I think that blockchain technology, DLT and cryptocurrency is
where innovation is happening right now and we are very glad
that Malta can offer the first jurisdiction in the world to regulate
this sector. We are excited about what this will lead to in the
future.”
- Joseph Muscat, Malta’s Prime Minister
11. How does this compare to other jurisdictions?
Olive + Goose
12. • Formalizes crypto and
blockchain regulation
• Establishes Malta Digital
Innovation Authority (MDIA) to
serve as the regulatory body
for the industry
• 1st country in the world to take
this step
• Details registration and
certification of technology
service providers &
arrangements
• Created to make Malta the
destination of choice for
cryptocurrency exchanges
Malta: Blockchain Island
Olive + Goose
• Regulates ICOs
• Requires companies to publish
white papers outlining a
detailed description of the
project and to make their
financial history public
.
Virtual Financial Assets Act Digital Innovation Authority Act Technology Arrangements and Services
Bill
What did this do?
• Provided a framework for how to raise funds/provide certainty to investors by weeding out scams
• Provided clarity to businesses on exactly how regulations will work
• Incentivized exchanges and other businesses to come to Malta
13. The United States
Olive + Goose
• The U.S. Treasury classifies cryptocurrencies as convertible decentralized virtual currency
• The Commodity Futures Trading Commission (CFTC) classifies them as commodity
• IRS taxes cryptocurrencies as properties
• Earlier in 2018, the US Securities and Exchanges Commission (SEC) communicated to
crypto exchanges that they will come under SEC purview.
• US Consumer Financial Protection Bureau Initiates “Regulatory Sandbox”
Regulatory patchwork
14.
15. Olive + Goose
• HB 0019: exempting virtual currencies from money transmitter licensing
• HB 0070: a blockchain token that is not deemed a security specifically is not a security and is
exempt from securities legislation
• HB 0101: Allows for storage of corporate records on a blockchain
• HB 0126: Allows for creation of sub-LLCs to isolate and allocate certain assets
• Senate File 111: defines tokens as property and exempts them from property taxes
BLOCKCHAIN VALLEY: WYOMING IS POISED TO
BECOME THE CRYPTOCURRENCY CAPITAL OF
AMERICA
16. Delaware
Olive + Goose
• Launched Delaware Blockchain Initiative in May 2016 (Governor announced at Consensus)
• 2017: Passed amendments to the Delaware General Corporation Law to allow all companies that incorporate in
Delaware to use a blockchain to manage corporate governance and a stock ledger.
• Testing Blockchain based business filing system in 2018
• The state envisions a blockchain network that lets firms incorporating in Delaware automate business
processes and will allow regulators and investors to track stocks and assets in real time.
• Awarded IBM a $738,000 contract to build the project on Hyperledger
Delaware eases off early blockchain zeal after
concerns over disruption to business (Feb 2018)
18. Who am I?
Political Strategy and Business Services
Consultant
Olive + Goose
• Business Services Consultant with Olive + Goose
• Microsoft Gold Certified Partner and FastTrack Ready partner
• Chair, Legislative Action Committee - Washington Blockchain Coalition
• Provided political and regulatory consulting for clients such as Dragonchain,
Congresswoman Pramila Jayapal, and Lieutenant Governor Cyrus Habib.
• Former Board Member of:
• League of Women Voters of Washington
• Children’s Campaign Fund
https://www.linkedin.com/in/conorbronsdon/
19. What can we do?
Olive + Goose
• Trained professionals
with established
relationships
• Know regulatory bodies
and how to navigate
them
Governmental Affairs
• “I vote” – people
power
• Lends a real voice to an
issue, ideally from
people who are
“within district”
• Example: Code.org
postcards, phonebanks
Grassroots
• Trade groups build industry
power by demonstrating
financial benefits
• Higher success in engaging
legislators together
• Example: Association of
Washington Businesses
Trade Associations
20. Olive + Goose
Never doubt that a small group of thoughtful, committed,
citizens can change the world. Indeed, it is the only thing that
ever has.
• Grassroots action
• Public education & PR
• Industry networking & development
• Legislative engagement
• Investor education
21. As blockchain innovation explodes, regulatory agencies world wide are considering how to
proceed
New regulations are coming
Olive + Goose
In July 2018, The Reserve Bank of India(RBI) formed a new unit to evaluate regulations for emerging
technologies including blockchain
“As a regulator, the RBI also has to explore new emerging areas to check what can be adopted and what
cannot. A central bank has to be on top to create regulations. This new unit is on an experimental basis and
will evolve as time passes”
In addition, the RBI is working to develop a prototype blockchain platform
Example: India
22. What does regulation look like moving forward?
Olive + Goose
• Melting pot of perspectives and governance structures
• Unified regulatory framework
• In March, members of the G20 convened to discuss the future of
cryptocurrencies on the international stage.
• Lowering tensions between regulators and industry as blockchain is recognized as
an essential technology
• Continuing innovation
Ahh regulation, everyone’s favorite topic right?
Look, I’ll be honest. Everyone here has been presenting solutions
We’ve heard about the potential to innovate supply chains, solve governance problems, and face the challenges of the world.
I’m here to bring us all back to earth a bit. We’ve got a lot of work to do.
Blockchain businesses face increasing regulatory challenges
as government begins to attempt to understand and address the industry’s potential.
With regulation looming, many businesses are stuck in regulatory grey areas
the regulatory environment is becoming increasingly patch work depending on the state and country in question.
I am going to break down several examples of state and national regulatory strategies, compare their successes and failures, and discuss strategies for developing pro-innovation regulatory environments.
Blockchain technology has immense positive potential: to decentralize and streamline financial transactions on a global scale. - Financial Institutions
With large amounts of capital flowing into cryptocurrency markets and the continuing rush to develop and fund blockchain projects, regulatory measures are on the horizon. - Governments
Plus how will the courts react – and how will all of these new financial instruments be taxed?
Blockchain’s potential to disrupt also means some people are afraid of what blockchain can do,
particularly some of those who hold the levers to global financial markets and they seek to unduly regulate or co-opt blockchain’s potential.
Until recently, a blockchain startup could benefit from an environment of legal ambiguity.
However, this legal vacuum is changing fast as mainstream legal entities catch up.
While the legal developments themselves are fast evolving and vary from region to region,
a more definite governmental response will undoubtedly affect future ICOs limiting the speed of innovation and disruption in the industry.
Such future regulations need to be closely monitored and taken into an account when starting a blockchain business.
With the technology still in its infancy, regulatory agencies are still catching up
Many disagreements about where blockchain fits in the international commercial ecosystem
Taxes
While this offers potential problems for the industry, with the right engagement – this could be a huge positive.
If we can help to shape regulations in a positive manner, we could actually spur further innovation and investment.
However, there is a problem
Source for image: https://lisk.io/academy/blockchain-business/the-blockchain-business/blockchain-regulations
For better or for worse – at the moment, bicoin is the standard bearer for cryptocurrency and blockchain at large. Public education needs to happen
We have a PR problem – if you believe the headlines, bitcoin is causing bankruptcy, money laundering, human trafficking, drug trafficking, death, misery, your grandmother’s joint pain.. Etc. etc.
I think you’ll agree – that is a major problem for us all as we strive to push blockchain forward into the light as a potentially transformational technology opportunity.
https://www.cnbc.com/2018/04/13/how-bitcoin-and-cryptocurrencies-are-fueling-americas-opioid-crisis.html
https://www.denverpost.com/2018/05/07/dark-web-bitcoin-national-drug-business-denver/
https://www.forbes.com/sites/nikitamalik/2018/08/31/how-criminals-and-terrorists-use-cryptocurrency-and-how-to-stop-it/#461086103990
https://www.cbsnews.com/news/japan-virtual-currency-techbureau-zaif-exchange-hack-bitcoin-monacoin/
http://jamaica-gleaner.com/article/business/20171011/jamaican-traffickers-turning-bitcoin-mask-trail
So show of hands: How many of you think this is at least a little bit accurate?
Some of this is.. Well FUD, bs, spin – whatever you want to call it.
Some of this is true Bitcoin is being used like any other financial instrument, and some of that use is illegal transactions
Bitcoin was seen as “untraceable”
We now know this to be blatantly false
Turning this public relations tide isn’t easy – but it can be done. A big step in that – working with government to create positive, common sense regulations for the industry.
Ask yourself – what are the key issues with blockchain r egulations
How do we engage major companies to help us build power and push regulations we want? How do we use their muscle with regulators?
When it comes to regulation – certainty is the end goal.
Yes, the lack of regulation in this space has been incredible for innovation. At times, new regulations have stifled that innovation.
However, for the protection of individuals (such as the work the EU is doing around data privacy) and simply from the perspective of what is going to happen moving forward, we know regulation is coming.
No matter how hard we fight, and particularly because regulators have larger, more established, and more powerful industry lobbyists in their ears, we need to make sure we have a voice at the table when regulations are being implemented.
Our goal; is certainty.
You or I may have different visions of what blockchain regulation should look like
What sort of regulation do you want to see?
We need a cohesive vision if we’re going to be successful
So if our goal is certainty – what does blockchain regulation look like now across the world?
European Union
The EU has taken a firm stance on data privacy, implementing stringent regulations that have notable implications for blockchain.
The General Data Protection Regulation (GDPR), which took effect on May 25, seeks to harmonize data privacy efforts across the union,
mandating, in particular, that EU citizens have a “right to be forgotten” online.
For many blockchain companies, this right may contradict the immutability and decentralization that the technology provides its users.
The new GDPR standards rest upon the moral foundation that EU citizens should have the fundamental right to control their data.
The onus, therefore, will fall on blockchain companies to ensure that the EU threshold for data ownership is met sufficiently.
While this may make some technology innovation challenging – I have to say I personally applaud this idea.
As you will see, as crypto exploded last year, many countries took a tougher regulatory approach and shifted to much more significant regulatory scrutiny
Mine 80% of the worlds crypto
Hardware is built in china
Uncertainty
While the government views blockchain technology favorably, it has yet to define its stance on the legal and regulatory aspects of funding and trading cryptocurrencies
Korea’s ICO Exodus: Catalyst for Change of Heart?
Related Story: South Korea – Battleground RegulationIn an effort to skirt the ban, several Korean projects have laid roots in more blockchain-friendly nations.
As one of the world’s most prolific cryptocurrency markets, South Korea may be squandering multi-billion dollar opportunities on account of this exodus.
An increasing number of high-profile ICOs have been conducted offshore, including but not limited to ICON ($42 million, Switzerland), EdenChain ($24 million, Singapore), and even Hyundai’s affiliate BS&C raising $20 million for its Hdac token (Switzerland).
Binance moved from China (founded there in 2017) to Malta
It’s a strategy that appears to be working. Binance, the world’s second-largest cryptocurrency exchange, has moved from China, where it was founded in 2017, to Malta, where it is creating a blockchain-based bank called the Founders Bank.
Yanislav Malahov, one of the creators of Ethereum — the second-most popular cryptocurrency after bitcoin — has chosen Liechtenstein as his base to build a new blockchain called Aeternity. And companies like remittance firm eXlama decided to set up shop in Gibraltar, because it was “one of the first” territories to “answer to the demand” for a legal framework for blockchain, cryptocurrencies and ICOs, says the organization’s founder and CEO Pavel Kaprisek.
To Liechtenstein and Bermuda, tax havens for traditional businesses, the move to cryptocurrencies represents an investment in the future.
If virtual currencies increasingly replace traditional ones, they’ll be ready as the tax havens for these new coins.
For Gibraltar and Malta, the move marks a bet aimed at leapfrogging from small economies to major financial hubs by connecting crypto companies with a global customer base.
May 2018 Marshall became the first country to launch a sovereign cryptocurrency, called the SOVereign
The Marshall Islands, despite its independence from the U.S. in 1986, remains economically tied to America. The U.S. dollar is still its principal currency.
The SOV, which will supplement the dollar, offers it a chance to slowly reduce its dependence on America. People on the islands can now pay for everything — from taxes to groceries — in the SOV. For new entities like the Floating Island Project, a cryptocurrency promises an entry into the global economy from birth.
https://bitcoinmagazine.com/articles/malta-passes-favorable-cryptocurrency-laws-next-step-blockchain-island/
Passed into law July 4 while we were celebrating independence day
This bill details the registration and certification of technology service providers and technology arrangements, and it focuses on the registration of exchanges in Malta. Industry insiders believe this bill was created to make Malta the destination of choice for cryptocurrency exchanges.
Malta, which is known as a friendly hub for blockchain businesses, has already attracted some crypto heavyweights such as OKEx and Binance.
The new bills are expected to guide the government on how to embrace the technology and achieve its aim of becoming a hotspot for crypto and blockchain businesses.
https://bitcoinmagazine.com/articles/malta-passes-favorable-cryptocurrency-laws-next-step-blockchain-island/
https://www.forbes.com/sites/rachelwolfson/2018/07/05/maltese-parliament-passes-laws-that-set-regulatory-framework-for-blockchain-cryptocurrency-and-dlt/#14ee806949ed
https://cryptoslate.com/u-s-initiates-regulatory-sandbox-for-blockchain-and-cryptocurrency/
In early December, the SEC took legal action against a company holding a “scam” ICO for the first time when it filed charges against PlexCoin. Fortune reported that the PlexCoin ICO was “a blatant ripoff” that promised 13-fold returns for investors within a single month. Prior to the charges, the ICO had raised $15 million.
Following the Plexcoin case, the SEC released an additional statement in mid-December of 2017. In the statement, SEC chairman Jay Clayton warned investors of the risks involved in ICO participation, as well as a set of guidelines that were intended to help investors identify possible illegitimate behavior in an ICO:
“If an opportunity sounds too good to be true, or if you are pressured to act quickly, please exercise extreme caution and be aware of the risk that your investment may be lost.”
Within the industry, the term “regulatory sandbox” indicates a rapidly developing regulation that aligns with the fast-paced development of the sector. The CFPB’s initiative strives to create an open dialogue between developers and government officials charged with compiling regulatory assignments while mitigating unintended negative consequences.
We’re all paying a bit too much attention to the headlines and not the work – markets are tumbling off of one statement or another
I’m guessing some of you have seen this headline, or something like it
https://www.newsweek.com/wyoming-cowboy-state-poised-today-become-blockchain-valley-828124
H.B. 0019 “Wyoming Money Transmitter Act – virtual currency exemption,” nicknamed the “bitcoin bill,” exempts those who deal-in and exchange virtual currencies from onerous money transmitter licensing laws. In this bill, virtual currencies exempted are defined as those that are a digital representation of value and used as a store of value or medium of exchange that are not recognized as legal tender by the U.S. government. This would allow operators of payment token exchanges to more easily operate in Wyoming.
H.B. 0070 “Open Blockchain Tokens – exemptions,” dubbed the “utility token bill,” would provide that a blockchain token that is not deemed a security is specifically exempt from securities legislation as well as money transmitter laws. This means that issuers and dealers of so-called utility tokens can deal freely and not have to register as licensed broker-dealer firms. Notwithstanding the foregoing, the same anti-fraud statutes that apply to securities will apply to those issuing utility tokens.
H.B. 0101 “Electronic Corporate Records” could be very important to all businesses and non-crypto enthusiasts alike. It ultimately allows for the recording and storage on a blockchain of common corporate records, filings, voting and accommodates the use of “data addresses” and electronic signatures.
H.B. 0126 “Limited Liability Companies – Series,” passed 57-3 in the House, allows the creation of “sub-LLCs” compartmentalized within the general designation to isolate and allocate certain assets and or liabilities to specific members. Finally, Senate File 111 “Property Taxes – Digital Currencies” in effect defines tokens as property and further exempts them from property taxes. More information on the house bills and senate files before Wyoming’s 64th Legislature can be seen here.
https://www.delawareonline.com/story/news/2018/02/02/delaware-eases-off-early-blockchain-zeal-after-concerns-over-disruption-business/1082536001/
- PR cognitive dissonance
Deleware has long been known as the best state in which to do business. Took an aggressive stance on blockchain early in the tech
Deleware has no sales tax gets nearly one-third of its revenue from franchise taxes on more than a million corporate entities, accounting for $1.3 billion of its $4.2 billion general coffer.
64% of fortune 500 companies call the state their registered home
Despite the headlines, Delaware is moving forward with an anticipated October test of a smart contract enabled network that would give lenders and borrowers a more efficient record for transacting business and meeting regulations
This is mostl yabout business lifecycle management
The state of Arkansas recently held a blockchain summit where it launched an initiative to use blockchain to set up a food safety supply chain, enabling shipments to be tracked in real time. The food chain tracker is currently being tested by 10 of the world's largest companies, including Walmart and Nestlé SA.
Elections are why deleware is changing course somewhat
On a pos
Let me back up for a second – who the heck am I
- Why am I saying this? Well, I’m going to talk about an organization I’m a part of and I want to be transparent
Ideally, all 3 of these work in tandem
Trade:
- Invite legislators to speak
Margaret Mead quote
Industry event
Legislative engagement:
Inviting leg to events
Individual meetings to educate
Educate investors not in the crypto space
Provide a place for collective action
Educated the public and try to demonstrate positive successes
Educate investors who aren’t familiar with and haven’t invested in crypto; without education, you won’t be the first blockchain project they invest in
Engagement with tax officials
Get a statement from the DOR on how they will treat such things
Copy the bills
Other example: Colorado just said 2 days ago that exchanges that don’t deal in fiat currency don’t need a money transmitter license
Interestingly, CoinDesk reported last year that the Institute for Development and Research in Banking Technology (IDRBT), founded in the 1990s by the RBI, was developing a prototype blockchain platform.
As indicated by a report published by the RBI in February, the IDRBT has already tested a proof-of-concept for settling trade finance transactions via a distributed network, with participants including banks and payment vendors.
https://economictimes.indiatimes.com/markets/stocks/news/new-rbi-unit-to-track-blockchain-and-ai/articleshow/65557685.cms
Close with cause for hope
- Seattle public libraries reached out Partnerships and government relations manager
Moving forward
The current state of regulation in the cryptocurrency and blockchain space has attracted a melting pot of perspectives that have left many perplexed as to which governance structure to follow. With an uncertain road ahead, a unified regulatory framework for blockchain and cryptocurrency will be crucial to utilizing these exciting technologies to their full potential.
This has already begun. In March, members of the G20 convened to discuss the future of cryptocurrencies on the international stage. While no consensus was reached, members acknowledged the unique value proposition of the industry, and pledged to publish a formal proposal by July.
This is anticipated to be one of the first globally recognized resolutions to date, and will likely set the standard for government and regulatory scrutiny for years to come. However it is slow, and other entities are leading the way
In the pursuit of advancement in our commercial ecosystem, blockchain is the next frontier. By providing immutability and decentralization to traditional exchanges, we can ensure that security will never again come at the expense of efficiency, and vice-versa.
At present, it may seem as if there is more friction than unity between regulatory bodies and industry experts about how the space should develop. However, in the very near future, this is all expected to change, as blockchain becomes internationally recognized as an essential technology for companies seeking to connect the dots in an increasingly globalized world.
We have a little time left – I’ll answer any questions that I can