Electron Cash, Bitcoin Cash wallet released

Electron Cash is a hardfork of a Electrum Wallet, designed for Bitcoin Cash
31 July
Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

Electron Cash, new Bitcoin Cash wallet released on Monday, 31st of July. Electron Cash is a hardfork of popular Electrum wallet. This is reported by project's official Twitter.

Electron Cash gives you what you love about the popular Electrum Bitcoin wallet, but for Bitcoin Cash. Control your own private keys. Back up your wallet easily with a mnemonic seed phrase. SPV technology provides high security without having to download the blockchain or run a full node.
We have forked the Electrum code repository and added the necessary components for operation with Bitcoin Cash. Multisig and hardware add-ons are NOT supported at this time.
 

Electron Cash Team

Electrum's team studied the code base of Electron Cash and warned users, that it will copy all Electrum-wallets of a user in own directory. This will "cancel" the anonymity of binary files.

Developer's also noted that signer of Electron Cash binaries isn't a real person.

In addition, users are warned about the undesirability of using Electrum and Electron Cash on one machine. It is also recommended to withdraw funds from your Electrum-wallet before importing private keys into Electron Cash. 

Also, Electrum team released a recommendation on how to redeem Bitcoin Cash. 

Gibraltar launches license for firms using blockchain

The license would formally recognize the use of blockchain records as an accepted mechanism for transmitting payments
14 December

The Gibraltar Financial Services Commission (GFSC) will introduce the world’s first bespoke license for fintech firms using blockchain technology from next month in in attempt to attract start-ups.

The license is the first of its kind and would formally recognize the use of blockchain records as an accepted mechanism for transmitting payments, paving the way for broader adoption.

This is the first instance of a purpose-built legislative framework for businesses that use blockchain or distributed ledger technology.

 

Nicky Gomez

The head of risk and innovation, GFSC

GFSC will publish guidance on Friday for applying its new law for firms that use blockchain to “transmit or store” cash and assets belonging to others - much in the same way as a bank is authorized.

According to Nicky Gomez, Gibraltar expects firms numbering well into “double digits” to seek authorization after the new rules come into force on January 1. Firms will have to treat customers fairly, and must have adequate IT systems and controls to comply with anti-money laundering and terrorist financing rules.