Israeli ISA uses blockchain in regulating the industry, Binance is working on decentralization. Bill Clinton calls for a change in cryptocurrency laws
Israel Securities Agency is suspicious of cryptocurrencies. But it is forced to accept the emergence of new technologies. ISA launched a communication system with reporting organizations Yael, which is built on the blockchain.
The next project, which ISA will launch soon, is called Etsba-on. It will allow shareholders of commercial companies to vote regardless of their physical presence. This can be called another step towards blockchain recognition by its most ardent opponents.
At a conference in San Francisco, the former US president called on financial and regulatory authorities to change their attitude to cryptocurrencies. Bill Clinton is confident that blockchain will change the economic future of the world. But due to the excessive complexity of regulation, many private investors still lack access to trading operations.
The event, organized by Ripple, noted the important influence of digital coins on the possibility of globalization of the world economy. After the adoption of more liberal and comprehensible norms, the possibilities of integrating private capital and small business into commercial processes will significantly expand.
The head of Binance Changpen Zhao announced the launch of a demo version of the trading platform. The need to update the technology is caused by the desire to decentralize trade operations. This will significantly increase the security of transactions and protect investors' funds.
If Binance now controls each transaction, then in the future it is planned to conduct operations on the blockchain using smart contracts. A demo version of the new platform has already been launched, where users can evaluate the quality of work and test security systems in practice.