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Paxtradings Crypto Minute: June 17, 2018

PAX Trading > Crypto Minute > Paxtradings Crypto Minute: June 17, 2018

Russia’s Duma Financial Market Committee Considers Significant Changes to Draft Cryptocurrency Regulations

Anatoly Aksakov, Russia’s head of the State Duma Financial Market Committee, acknowledged that his organization is considering significant changes to three of the draft laws intended to regulate cryptocurrency in Russia. According to ETHNews, those three draft laws include On Digital Financial Assets’, ‘On Crowd Funding’, and a number of amendments to the Civil Code of the Russian Federation. Those changes include replacing terms such as “digital money” and “digital currency” with the term “digital rights”. In addition, digital rights will not be considered property, despite earlier decisions to the contrary by the Russian Ministry of Justice.

Foleum Announces Strategic Partnership with Nexus

Foleum, a hybrid wind and solar blockchain mining data center, has announced a strategic partnership with Nexus, a three dimensional blockchain platform. According to a press release, the two companies are aiming to build green energy solutions for blockchain mining. Both companies claim that they want to be “positive forces for creating a changing world from economic, humanitarian, and environmental aspects.”

Sweden’s Land Registry Authority Showcases New Blockchain-Based Platform

Lantmäteriet, Sweden’s land registry authority, along with a collection of banks, businesses, and startups have completed the third phase of an ongoing blockchain pilot. According to CoinDesk, the coalition showed a live demo of its land registry platform, which showcased client-side verification of government-approved digital signatures and the final exporting of necessary legal contracts. The smart contract utilized in the platform is compliant with European Union laws and regulations, including the GDPR privacy rules.

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