blockchain – Page 2 – InfoHive

Lege TREND. Property Rights in Bitcoin. Read the Bill.

SF 0125 (WY | 2019) will allow crypto currency to have property rights outside third party storage.

What does this mean?

Wyoming is the 1st US state to allow private ownership of cryptocurrency
Wyoming hopes blockchain and cyrptocurrency then partake in WY courts, business registrations
Wyoming becomes the Delaware or Nevada of cryptocurrency, as Deleware and Nevada are for traditional corporate filings

The New Jersey Senate passed a Block Chain Task Force bill S2297 (NJ |2018) that will determine whether:

Touted benefits of blockchain/distributed ledger storage? could also help safeguard government systems from cyber-security attacks

Caution: Conflicts of Interest. Virtual asset trading platforms often engage in several lines of business that would be restricted or carefully monitored in a traditional trading environment.
Account for Abusive Trading Behavior
Consumer Protetctions needed

Ohio’s SB 220 (2018 | OH), signed by the Governor, will establish these blockchain standards:

SB 220 would apply to state contracting and state procurement.

Caution: Conflicts of Interest. Virtual asset trading platforms often engage in several lines of business that would be restricted or carefully monitored in a traditional trading environment.
Account for Abusive Trading Behavior
Consumer Protetctions needed

Ohio’s SB 220 (2018 | OH), signed by the Governor, will establish these blockchain standards:

SB 220 would apply to state contracting and state procurement.

In india, regulators are considering bitcoin as legal tender for sports betting.

In Costa Rica, employers can pay employees with bitcoin.

NY Department of Financial Services requires a bitLicense for any of the following acitivities:

Virtual currency transmission
Storing, holding, or maintaining custody or control of virtual currency on behalf of others
Buying and selling virtual currency as a customer business
Performing exchange services as a customer business
Controlling, administering, or issuing a virtual currency

Ohio Legislature passed SB220 (2018 | OH) which addess blockahin by adding to the definition of electronic transactions.

The new definition of “electronic record” & “electronic signature” to include blockchain-based transactions.

Utility tokens are a hot commodity among bitcoin currencies
Why are utility tokens popular?
- some think they offer legal protection from regulatory schemes
- others think utility tokens are key to block chain’s future
Utlity tokens will most likely be regulated by the SEC and State Securities Boards