French regulator launches ICO support project "UNICORN"

France's financial regulator launches a new initiative focused on ICOs
27 October 2017   1393

France's financial regulator, The Autorité des marchés financiers (AMF), launches a new initiative focused on iICOs. The AMF reports that it is considering one of several approaches, including an update to existing rules to account for ICOs or entirely new regulations around the use case.

The Autorité des marchés financiers press release
The Autorité des marchés financiers press release

The project called "UNICORN" aims at providing a mechanism for ICO organizers in France to carry out their plans under the agency's guidance.

Called UNICORN (for "Universal Node to ICO Research & Network"), this one, in parallel of the reflection on the possible tracks of regulation, aims at offering to these carriers of projects a frame allowing the development of their operations and to ensure the protection of actors and investors wishing to participate.
 

The AMF statement
Translated by coindesk.com

With the move, France's government appears to have adopted a more accommodative stance toward the blockchain use case, even going as far as to proactively encourage developer teams to get in touch. 

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   67

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.