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Legal
New Bill in Colorado Encourages State to Adopt Blockchain for Data Security
A new state bill introduced to the Colorado Senate is looking at using blockchain technology to secure private data from cyberattacks.
Israel Releases Draft Plan for Taxing ICOs
Israel's government has published draft circular outlining possible approaches to taxing the proceeds of initial coin offerings (ICOs).
Proposed US Task Force Would Tackle Crypto Use in Terrorism Financing
A new bill introduced by a U.S. lawmaker calls for the formation of a task force to combat the use of cryptocurrencies in financing terrorism.
Swift Signs Agreement With 7 CSDs to Explore Blockchain for Post-Trade
Swift formalizes another major blockchain project by signing a memorandum of understanding with seven Central Securities Depositories.
Lithuania's Central Bank Unveils Blockchain Startup Sandbox
The central bank of Lithuania has launched a new regulatory "sandbox" for startups working with blockchain.
Mississippi Doctors Sued Mt. Gox for Bitcoin Loss Now Worth $133 Million
Two former users of the defunct bitcoin exchange Mt. Gox have brought a lawsuit against the company over the loss of 9,500 bitcoins.
Korea's Crypto Crackdown Talk Draws Backlash From Users and Politicians
South Korea's citizens reacted angrily to a proposed ban on cryptocurrency exchanges, with politicians and residents alike condemning the move.
Former Customers Sue Crypto Exchange Vircurex Over Frozen Funds
Former Vircurex customers are suing the exchange, four years after it first froze their funds and allegedly failed to repay them.
China's Internet Finance Association Warns on 'Initial Miner Offerings'
The National Internet Association of China warned against "initial miner offerings," referring to them as "disguised ICOs" on Friday.
US Finance Regulators Form Crypto Working Group, Says Mnuchin
Steven Mnuchin said on Friday that the Financial Stability Oversight Council has formed a working group focused on cryptocurrencies.
