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A clarified blockchain politics summary from the previous 7 days.
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January 31st, 2020
Good Friday morning. Here are some of the stories making news in blockchain politics over the last 7 days.
Coinbase Custody, Bison Trails to Push for Clearer Staking Regulation
Coinbase Custody and Bison Trails have both joined the Proof of Stake Alliance in its mission to promote legal and regulatory clarity around staking.
The alliance already has more than 18 members, representing a wide range of Proof of Stake communities.
Andrew Yang Shares Standpoint on Crypto Regulation, Blockchain Technology
In an interview with Bloomberg, Andrew Yang talked about how we need a strict set of rules regarding digital assets.
He also mentioned that blockchain technology has a high potential and that "we should be investing in it".
Singapore Strengthens Consumer Protection With New Payment Services Act
Crypto-related businesses will be required to follow current AML and counterterrorist-financing rules.
Once registered with the MAS, crypto businesses will have six months to apply for a payment institution license.
Over 1,000 Crypto Mining Licenses Issued in Iran
Despite these crypto mining licenses, the country's new regulations did not attract much foreign investment.
The Iranian ICT Guild Organization is reportedly working on improving the crypto mining conditions in Iran.
Finally: Global Consortium for Digital Currency Governance Announced at WEF
A long-awaited global initiative to standardize digital asset governance finally looks like it has been established.
World leaders expressed their eagerness to work together in establishing a set of guiding principles for the public and private sector.
Lawmakers in Japan Working on a Digital Yen
Around 70 lawmakers from Japan's ruling Liberal Democratic Party are working on a proposal to have the nation issue its own digital currency.
The nation's abrupt change in its stance regarding CBDCs seems to have come thanks to the pressure exerted by the upcoming Chinese digital yuan.
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