The ULC’s model act for digital currency businesses has passed. Here’s why it’s good for Bitcoin.

The Uniform Law Commission has given states a clear path to approach this technology the right way.

The Uniform Law Commission, a private body of lawyers and legal academics from the several states, has just voted to finalize and approve a uniform model state law for the regulation of virtual currency businesses. This is great news for businesses, users, and developers of cryptocurrency and decentralized computing technologies. Read more.

When “Code is Law” meets “Law is Law” — Inside the American Bar Association’s Biggest Blockchain Event of the Year

Jason Civalleri

14 APR 2017

A one-day exploration of the legal landscape shaping the Distributed Ledger Technologies ecosystem at this very moment

While Company after company and country after country embrace “Blockchain” technologies —verifiable, secured distributed ledger systems that record cryptocurrency or other value transfer transactions and what some are calling “the biggest disruptor since the internet” — many question how the law will adapt to these systems — or even whether they are even legal at all. And with the growing hype around this movement, many attorneys are scrambling to become familiar with the topic. Read more.

European Commission Proposes Blockchain Pilot Project to Improve Regulation

European Commission Proposes Blockchain Pilot Project to Improve Regulation
Rebecca Campbell
28 March 2017 cryptocoins news

The European Commission has proposed a pilot project on the blockchain with the intention of bettering its regulation.

The draft communication was addressed to the European Parliament, the Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions. In the report, it said that a pilot project would be aimed at reinforcing the capacity and technical expertise of national regulators regarding the distributed ledger technology.

The report noted that a major challenge in the following years will be to ‘create an environment in which financial innovation for the benefit of consumers can thrive.’ Continue reading “European Commission Proposes Blockchain Pilot Project to Improve Regulation”