Blocknet Whitepaper to be Released

The first version of the Blocknet White Paper will reportedly be released on March 15, 2018
21 February 2018   310

The Blocknet is a revolutionary advancement in cryptographic technology: a peer-to-peer protocol between nodes on different blockchains. This is the foundation of a technology stack incorporating an API and an application platform, which enables open-ended application possibilities and vastly reduces development time. The Blocknet enables multi-blockchain services to be delivered to devices that only contain a single blockchain.

The official Blocknet Decentralized Exchange brand will be revealed on March 1, 2018, and the first version of the Blocknet White Paper will be released on March 15, 2018.

Moreover, the Blocknet team announced that the Blocknet wallet redesign will be revealed on April 1, 2018.

At the moment of press, these are main market parameters of Blocknet:

Average price: $36,29
Market cap: $182 320 342
24h volume: $375 358

Cryptocurrency to be Regulated in France

French Ministry of the Economy and Finances creates working group to regulate cryptocurrency
22 March 2018   117

Bruno Le Maire, the French Minister of the Economy, announced the government initiative to constitute the instructions and regulations towards cryptocurrency. The group is also aimed to decrease the influence of Bitcoin and altcoins to the formal system of economy with the help of required concept. These measures would help French government to prevent tax avoidance and some other criminal activities (such as money laundering).

In an op-ed that was published in French media this week the Minister of the Economy Bruno Le Maire made a promise not to miss the blockchain revolution. He refined the reasons of the French authorities`decision to regulate the technology. According to his point of view, it is impossible for any consumer or entrepreneur to carry out a transaction, invest, develop in business being in a regulatory vacuum. The Minister also put this position on the top among the rest questions to be discussed at G20 Summit in Buenos Aires. Bruno Le Maire is sure that the role of France is to be a driving force in “building the world of tomorrow”.

The Minister is going to present his case at the G20 Summit in 2018 in Argentina. He hopes that the framework can help in decreasing illegal activity in cryptocurrencies. Le Maire also explained that the sphere of digital funds is extremely attractive for criminals.

The leader of the working group is Deputy Governor of the Central Bank of France Jean-Pierre Landau. The French Central Bank supports the Government and hopes there would be no negative impact and consequences for the traditional economy system.

The key object of cryptocurrency regulation is to limit various negative factors in the financial sphere caused by digital money, such as the price volatility. Le Maire claims that at the same time the regulation of the cryptocurrency can support the development of the technology and can even lead to the economic growth. As blockchain can destroy not only traditional daily practices in banking and financial markets, but also patents and certified acts, the French Minister of Economy urges that the working group should foresee all these changes and become “actors of this revolution”, instead of simple viewers.