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Swiss Federal Council initiates consultation on improving framework conditions for blockchain/DLT
The Swiss Federal Council has initiated a consultation on the adaptation of federal law to developments in distributed ledger technology. It wants to increase legal certainty, remove hurdles for DLT-based applications and limit risks of misuse. The consultation will last until the end of June 2019.
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Japan’s Crypto Association issues ICO regulation recommendations » Brave New Coin
“The JCBA says there is a need to clarify whether security tokens, which are subject to the Financial Instruments and Exchange Act, fall under “Article 2 (1) Securities” or “Article 2 (2) Securities,” and suggested the exclusion of security tokens from the Payment Services Act, in order to avoid duplicating regulatory requirements imposed by the Financial Instruments and Exchange Act and the Payment Services Act.”
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Do Fundamentals Drive Cryptocurrency Prices?
Using data for the most prominent cryptocurrencies, we find evidence of a significant long-run relationship between prices and fundamentals like the computing power expended on creating their blockchains and the adoption levels of their respective blockchains, even after accounting for the returns of Bitcoin and cryptocurrency price momentum.
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