BITS OF BLOCKS
BLOCKCHAIN, LAW AND REGULATION
Steven Pettigrove, Partner, Piper Alderman
Michael Bacina, Partner, NXT Law
ASIC takes 'no action' position on hybrid, virtual and deferred AGMs
ASIC announced it will adopt a two-month 'no-action' position on hybrid, virtual and deferred AGMs until 31 July 2020.
Hawaii hints at relaxing rules to lure crypto firms
Hawaii's Division of Financial Institutions has relaxed its transmitter license requirement to lure crypto firms.
Caitlin Long's Avanti crypto bank hires C-suite
Avanti, slated to be the first digital currency focused bank based in Wyoming to be approved as an SPDI, has announced its executive team.
Illinois to acquire abandoned digital currencies
Illinois State Legislature has introduced a bill to add "virtual currencies" to the list of assets that can be repossessed by the government
French financial regulator proposes new regulatory sandbox for security tokenisation
The French financial markets regulator has proposed a Europe-wide regulatory sandbox to enable digital currency businesses
China champions central bank blockchain trade finance platform
The People's Bank of China (PBoC) is set to receive 32.35 million yuan (around AUD$7.2 million) in "special funding".
US Congressman canvasses Crypto Currency Act of 2020
A United States congressman, Representative Paul Gosar (R-AZ), has introduced the Crypto-Currency Act of 2020
Brazil Ministry of Education fights fake diplomas with blockchain
Brazil Blockchain beats dodgy diplomas with the government and 14 universities moving to trial blockchain secured qualifications.
Supreme Court of India quashes crypto banking ban
The Supreme Court of India has reversed the Reserve Bank of India's 2018 decision preventing crypto exchanges from banking services
Bank of China: Coronavirus causing crawl on CBDC release
It has been reported that the coronavirus outbreak has mitigated the pace of work on China’s proposed central bank digital currency.
Australian Stock Exchange details billions of efficiency in distributed ledger deployment
On 20 February 2020, the ASX gave evidence to the senate FinTech committee, with the Senators showing interest in the ASX DLT project









