Jamaica Stock Exchange to Launch ETH & BTC Trade

Initially, trades will be launched in test mode; users will be able to trade Bitcoin and Ethereum in “regulated and secure” conditions
03 April 2019   414

The Jamaica Stock Exchange (JSE) in partnership with the Canadian fintech company Blockstation will provide customers with the opportunity to trade cryptocurrency and security tokens. It is reported by CoinDesk.

Initially, trades will be launched in test mode. According to the JSE, users will be able to trade Bitcoin and Ethereum in “regulated and secure” conditions.

The launch will involve broker-dealer companies, which will have to attract retail investors and assist them in conducting operations with cryptocurrency after verification.

The date of commencement of trading is not yet called.

In January, JSE added security tokens to the listing and conducted a test launch of cryptocurrency trading in conjunction with market makers and the Central Settlement Depository of Jamaica.

dOrg to Become The First DAO With Legal Status in US

DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract
13 June 2019   200

The decentralized autonomous organization (DAO) dOrg based on the DAOstack framework registered dOrg LLC in Vermont, USA. This was the first precedent in the United States, according to law firm Gravel & Shea.

According to the company, the blockchain-based limited liability company (BBLLC) has a legal status, which allows it to enter into agreements and protect the interests of participants in accordance with applicable law.

Note that a DAO is a company in which the centralized leadership and hierarchy is replaced by a smart contract. Decisions in such organizations are made by voting by the participants, which provides consensus.

dOrg asked us to help design a DAO legal wrapper after discovering the potential of BBLLCs. We believe that dOrg is now the first legal entity that directly references blockchain code as its source of governance. Its material operations and ownership interests are managed entirely on-chain.
 

Oliver Goodenough

Law professor, Vermont Law School and special counsel, Gravel & Shea

dOrg believes that they have made the first step in integrating the DAO format into the existing economy.

Some time ago, Moloch DAO attracted 1000 ETH from Vitalik Buterin, Joseph Lubin, start-up ConsenSys and non-profit organization Ethereum Foundation.