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legislation

Japan to Tighten Rules on Cryptocurrency Margin Trading

Japan is putting in place new, stricter rules for cryptocurrency margin trading from next year. According to a report from Nikkei Asian Review on Tuesday, the Japanese Cabinet, the executive agency of the country’s government, has approved draft amendments related to financial instruments and payment services laws that include two notable changes related to cryptocurrencies. Firstly, …

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Connecticut Lawmakers Seek to Legalize Blockchain Smart Contracts

The U.S. state of Connecticut could soon legalize the use of blockchain smart contracts in business. The Commerce Committee of the Connecticut General Assembly filed house bill 7310 on Friday, proposing that blockchain smart contracts should be authorized for commerce in the state. According to the bill: “No contract relating to a transaction shall be …

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US State Moves to Exempt Some Blockchain Tokens from Securities Rules

Lawmakers in the U.S. state of Rhode Island are seeking to exempt blockchain tokens from securities laws for some use cases. Five Democratic and Republican senators jointly filed house bill 5595 on Wednesday, proposing that the Rhode Island Uniform Securities Act should be amended to state that developers or sellers of “open blockchain tokens” are not …

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Judge says Washington state cyberstalking law violates free speech

IMNATURE via Getty Images Washington was one of the first states to fight cyberstalking through legislation, but it may have to rethink its approach. A federal judge has blocked the state’s 2004 law after ruling that a key provision violated First Amendment protections for free speech due to vague terms. Its prohibitions against speech meant …

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Luxembourg Passes Bill to Give Blockchain Securities Legal Status

The European nation of Luxembourg has just passed a bill providing a legal framework for securities issued over blockchains. According to a notice published Thursday, the country’s Chamber of Deputies, the county’s parliament, passed the bill on Feb. 14 with 58 members supporting the legislation and only two voting against. Titled Bill 7363, the legislation …

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Localbitcoins to Introduce New User Verification Rules

</header> <strong>Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules. </strong> Also read: 3 Technical Proposals for Increasing Bitcoin’s Privacy P2P Exchange Localbitcoins Advising Finnish Regulators …

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Amazon joins Microsoft in calling for regulation of facial recognition tech

ASSOCIATED PRESS Faced with mounting criticism of its “Rekognition” system, Amazon has come out in favor of legislating facial recognition technology. In a blog post, the company has revealed its “proposed guidelines” for the responsible use of the tech that it hopes policymakers in the US and worldwide will consider when drafting new laws. Amazon’s …

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