G20 to Provide Crypto Regulation Recommendations by July

July is a deadline for the first step toward unified regulation of cryptocurrency
21 March 2018   610

Leaders of the world's leading economies have appointed the final date for proposing recommndations for thecrypto  regulations. This is reported by CoinDesk.

During his speech after a meeting of finance ministers at the G20 summit in Buenos Aires, the chairman of the central bank of Argentina Federico Shturzenegger said that the representatives of the G20 countries came to the conclusion that the crypto-currencies need to be studied and then to be regulated.

At the same time, during the conference, he noted that all interested countries should submit their proposals by July of this year.

In July we have to offer very concrete, very specific recommendations on, not 'what do we regulate?' but 'what is the data we need?'
 

Frederico Sturzenegger

Chairman, Central bank of Argentina

Not all of the states that are members of the G20 intend to participate in the further discussion. So, on Monday, the president of the central bank of Brazil, Ilan Goldfine, said that in his country the crypto-currencies will not be regulated. As El Cronista explains, Brazil is not required to follow the G20 guidelines for crypto-currencies and other issues.

Many representatives of the states wishing to regulate crypto-currencies, namely France, Germany, the USA and Japan, contributed to the resolution of today's decision.

They urge to consider crypto-currencies in the context of influence on crime, investors and the world economy. While representatives of France and Germany say that digital assets carry significant risks to investors, US and Japanese officials are most apprehensive that they will be used to conduct illegal activities.

Despite this, G20 representatives agree that crypto-currencies don't threaten financial stability in the world, as Mark Kerni, chairman of the Financial Stability Board, wrote in his message.

Casa to Launch Lightning Node Mobile App Called Sats

Casa to Launch Sats App With Lightning Network Support
04 July 2019   1011

Casa startup, specializing in the creation of secure storage systems for private keys, introduced a mobile bitcoin application Sats App, which makes it easy to manage Lightning-node.

Sats App is positioned as a non-custodial bitcoin wallet "with unique functions." According to Casa CEO Jeremy Welch, the SatsBack reward program will soon be launched, under which users will receive small amounts in BTC. For example, for connecting an application and a Casa Node device to each other, the user will receive 20,000 Satoshi.

Features are focused on increasing adoption of bitcoin and lightning nodes. You will be able to earn bitcoin if you don’t have a Casa node, but you will be able to earn bitcoin faster if you have a node.
 

Jeremy Welch 

CEO, Casa

He also added that the application, available for iOS and Android, is “secure, private and connects via Tor”.

According to CoinDesk, the startup earlier raised $ 3.5 million from Castle Island Ventures, Boost VC and Compound, and several other investors. Currently, a startup staff of 25 people serves users from 60 countries.