There is a phrase: "God forbid to live in an era of change!" A time of change is a difficult period, it is a time for initiative and courageous people, therefore most people don’t like it. But anyway, we had to live at such a time, and changes, obviously, are needed.
And a little change is taking place. Most often imperceptibly, because events of this kind do not attract attention because of their long-term nature and much lower emotional coloring. Let's discuss some of these news today:
1️⃣ German financial regulator BaFin approved the launch of a new startup financing model in its jurisdiction - a “reversible ICO” or rICO. The first application of the model will happen in May this year. Crowdsale will be divided into two stages. First, an ordinary ICO, in which investors determine the volume and value of redeemable tokens. But the second stage is already unusual - the money and cryptocurrency are frozen, and startup developers begin to receive investments in parts.
At the same time, investors have the right to leave the project at any time by defrosting and selling tokens. The rICO initiator, in turn, in order to compensate for the shortfall, can additionally issue in circulation tokens issued by him earlier and reserved for future stages.
2️⃣ The High Court of England and Wales essentially recognized Bitcoin as a full-fledged asset, as the court sided with an insurance company that demanded a ban on the possession of stolen Bitcoins.
Previously, a person could claim for compensation of the stolen crypt only with the voluntary consent of the platform where the money came. And now, exchanges will simply be required to isolate the stolen assets, knowing that the court will side with the victim - this is the principle of case law, and it will automatically spread to the countries of the British Commonwealth of Nations, where there are just a lot of offshore places of legal registration of exchanges.
3️⃣ In a week, on May 1, cryptocurrency regulation laws will come into force in Japan - the Payment Services Act (PSA) and the Financial Instruments and Exchanges Act (FIEA). And yesterday, in addition to this, new rules on regulating tokensales were published on the website of the Japan Association of Token-Share Placements (JSTOA).
This paper will also come into force in a week, and the most important moment there is the distinction between the assets of customers, the assets of the company and the tokens themselves. JSTOA will monitor every month whether the assets of clients of companies issuing tokens-shares are stored separately from the legal entity’s own funds.
For this, third-party certified audit companies will be hired - that is, a corruption hazard is also provided. In addition, under the new rules, a new, more transparent procedure for the sale of tokens is created.
📰 It is unlikely that the community paid too much attention to this news - after all, a new apocalypse happens every day, and it is much more acute for the press and more interesting for the reader. However, such deep and long-term drivers most often start the biggest, if you like, tectonic shifts.
In our community, everyone is welcome, join:
https://read.cash/c/world-today-70ff
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