First blockchain-based content distribution platform launched

Decent is designed to bring decentralization, security and convenience to the content distributing 
01 July 2017   745

Distributed database that is used to maintain a continuously growing list of records, called blocks

Decent, first blockchain-based content distributing platform was launched. 

Also, developers describes step-by-step the process of setting up the DECENT Core client.

Furthermore, project is an open-source, so, creators also provided community with a code.

Decent network is designed to provide best conditions for content creators. By using the blockchain technology, content distribution will become more decentralized, convenient, safe and fast. 

Start-up conducted successfull ICO in 2016. It was able to gain 5881 BTC.

German Financial Regulator Clarifies Stance on ICOs

The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) has clarified its position on ICOs
22 February 2018   34

German financial regulator admitted it was receiving many inquiries about the status of tokens and cryptocurrencies. According to an advisory letter, BaFin provides some basic definitions of ICOs and related terms. It is important because the results of a new survey showed that more than two-thirds of Germans know about bitcoin.

In this letter, BaFin educates the public and explains how tokens are typically generated, how blockchain works and that ICOs are used to raise funds for startup projects. The note states that for regulatory purposes, ICOs, tokens, coins, and cryptocurrencies are subject to the existing provisions in the field of securities supervision and other relevant national and EU laws.

The authority advises participants in ICOs to check and follow rules applicable to regulated financial instruments, such as securities. If businesses or individuals have any doubts about regulations, they should approach BaFin.

According to BaFin, companies should fulfill any obligations under the Banking Act and the Capital Investment Code, the Insurance Supervision Act and the Payment Services Supervision Act. The transactions may be prohibited if relevant regulatory requirements are not met.

The authority also states that legal classification of tokens requires precise examination. It will determine their status on a case-by-case basis after studying their features. The token should be transferable and tradable on cryptocurrency trading platforms in order to be classified as a security.