Florida Bill To Recognize Blockchain Smart Contracts

New bill would create a legal foundation for blockchain data and smart contracts in the U.S. state
11 January 2018   981

A lawmaker in Florida has introduced a bill on December 9 that, if passed, would create a legal foundation for blockchain data and smart contracts in the U.S. state.

House Bill 1357 presented multiple stipulations that blockchain and smart contracts be treated as legally-binding methods of data storage — provided that such measures do not break any pre-existing laws or regulations.

The bill also states that a record or contract that is secured through blockchain technology is in an electronic form and is an electronic record and confirms that a signature recorded through a blockchain also qualifies as a valid electronic signature.

A contract may not be denied legal effect or enforceability solely because: an electronic record was used in the formation of the contract and the contract contains a smart contract term.

 

House Bill 1357

Last year, Arizona passed a similar measure, with identical notes on confirming blockchain records as electronic records, as well as giving smart contracts legal force. We have also reported that Senator Alison Clarkson (D) from Vermont has proposed legislation that outlines a use case for government-based cryptocurrency solutions.

Caspian to Launch Crypto Derivatives Trading

Caspian does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x
21 March 2019   81

Caspian, an asset-oriented asset management platform, has launched cryptocurrency derivatives trading.

Thanks to integration with Deribit, Caspian customers gained access to trading in futures and options for Bitcoin and Ethereum. Also, the platform will provide the opportunity to trade indefinite bitcoin-swap.

According to Caspian, the platform does not charge commissions for depositing and withdrawing funds and provides leverage up to 100x.

We are excited to be working with Deribit to make the trading of crypto options and futures possible within the institutional community. Our goal at Caspian is to provide crypto traders and investors the same standard of tools and service that exist in the traditional markets and its great knowing that the team at Deribit is working towards the same high standards.
 

Robert Dykes

CEO, Caspian

Caspian noted that their platform connects to Deribit via an API that supports “large trading volumes with extremely low latency”. The platform also has full access to the book of orders of the crypto-derivative stock exchange.