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A revolutionary cryptocurrency law was passed in Colorado, the German Finance Ministry published recommendations. Nasdaq Exchange is ready to offer solutions on the blockchain.
The new law of the state of Colorado greatly simplifies the circulation of digital financial assets. The document signed by the governor removes their part from the regulation of the Law on Securities.
State authorities have recognized that tokens with a consumer function should not be registered in the form of securities. This means that fintech companies will be able to conduct their business on more comfortable conditions. At the same time, the state of Connecticut is developing a draft law on giving legal effect to contracts on the blockchain.
Such a correspondence struggle of states between themselves in the field of legalization of cryptocurrencies is aimed at attracting investors to their regions.
According to the plans of the German government, before July 1, 2019, a set of regulatory rules on regulating digital financial assets will be developed and adopted. Consultations on this issue began in January. And now the Ministry of Finance has released the first consolidated draft recommendations.
It states that tokens are not securities, so they should not be regulated. At the same time, it is necessary to control the process of the ICO itself. This is where investor capital is at increased risk. In addition, it is recommended not to share information storage technologies. That is, a single blockchain and a distributed registry will be equal in rights.
The problem of the market regulation cryptocurrency and blockchain
At the moment, the Nasdaq Exchange, which is in second place in the world, can provide almost every one of its microservices on the blockchain platform. This statement was made by one of the leaders of the trading platform Johan Toll.
He noted that Nasdaq is ready to cooperate with customers for further infrastructure development. The company is currently working on the introduction of STO tokens into active turnover. These are digital financial assets that fully comply with the law on securities. At the same time on the site in the first quarter of 2019, it is planned to launch Bitcoin futures. And here several composite indexes of the cryptocurrency market are already traded.