China’s Congress Passes Cryptography Law, Effective Jan. 1, 2020

The Standing Committee of the 13th National People’s Congress in China passed a cryptography law on Saturday that will be effective on January 1, 2020, according to a Chinese media report. The announcement came one day after Chinese President Xi Jinping called on the country to seize opportunities in blockchain technology. While China still bans … Read more

A Tale of Two Innovators

The United States and China are vying for technological leadership in three crucial areas that have made headlines in recent weeks—and highlight the two nations’ starkly different approaches to innovation. The three areas: quantum computing, cryptocurrency, and fifth-generation (5G) mobile communications. In each area, gaining competitive advantage could have fundamental long-run implications for the two … Read more

Poll: 60% Tell Vitalik Buterin ‘No’ to Ethereum Reversing Transactions

Ethereum co-founder Vitalik Buterin has sparked controversy among cryptocurrency users after suggesting developers could reverse transactions.  Buterin’s community feedback falls flat In a Twitter survey on Oct. 26, Buterin quizzed followers about their opinion of reversing chain activity in the event of a major hack of an exchange or similar entity.  “Suppose a popular smart … Read more

Bank of Lithuania Issues Guidelines on Security Token Offerings

Recognizing that businesses are seeking alternative ways to raise capital other than bank lending, the Bank of Lithuania has issued new guidelines on security token offerings. The goal is to clarify applicable rules without introducing more regulations. Also read: Mario Draghi Leaves European Central Bank Without Ever Raising Interest Rates Guidelines Aiming to Avoid More … Read more