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Constantinople postponed, the EU introduces rules, crypto wallets

  • EU_cryptocurrency
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Under pressure from the community Ethereum rescheduled hardfork Constantinople, in 2019, the EU will introduce laws on market regulation. Sales of purses for cryptocoins are growing.

Constantinople in the Ethereum network was postponed until 2019

Problems with the test run of the hardfork Constantinople forced the Ethereum team to postpone the project. It was announced that the disagreements and boycott of miners would not allow an operation without risks for the entire network.

Most disputes were caused by a reduction in remuneration per unit of approximately 30%. That is why the community refused to support the separation of Ethereum even during testing. The developers said they would not change the original plans, but only optimize the technical component. Probably, the pause will allow to introduce the ProgPow algorithm into the new hardfork, which will increase the mining resistance on asics.

The European Union will create regulations for the regulation of cryptocurrency

The Paris Group for the Prevention of Money Laundering (FATF) promises by June 2019 to develop a set of rules for the circulation of digital financial assets. As stated by the head of the organization Marshall Billingsley, they will be binding on all public and private organizations.

It is expected that the new rules will affect all countries without exception. If a company or government refuses to apply the FATF rules, it will lose access to global financial resources. This is the first attempt to introduce uniform regulatory standards. Probably, it is the European Union that will be able to solve the problem of decriminalization of the blockchain.

Read more about cryptoregulation here

1.3 million ledger hardware wallets were sold

According to Ledger, it managed to sell over 1.3 million cryptocoin storage devices. The average price of a gadget is close to $ 100, which turned out to be quite acceptable for many users.

Security problems of cryptoexchanges often worry holders of a significant number of coins, which causes them to look for alternative solutions. Convenience of digital wallets is that they allow you to hold several dozen different assets and provide absolute security of investments. In addition, the connection itself takes place without additional difficulties.

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