Switzerland Launches Blockchain Task Force

The main task of the task force is to watch the legal guidelines of ICOs and blockchain companies 
10 January 2018   1781

The Swiss government has announced the creation of a new group to strengthen its regulatory framework related to blockchain startups and ICOs.

Blockchain task force includes both federal and local officials, as well as members of various blockchain startups and legal representatives and spearheaded by Finance Minister Ueli Mausrer and Economics and Education Minister Johann Schneider-Ammann.

The main task of the group is to watch the legal guidelines of ICOs and blockchain companies, while working with the State Secretariat for International Financial Matters — the federal body responsible for implementing financial market policy and representing the government's financial interests across borders.

Blockchain is becoming more important as a technology for many industries, not just crypto finance. What is needed is liberal regulation, which opens opportunities for Switzerland's position while at the same time reducing risks.

 

Johann Schneider-Ammann

Head of the Department of Economic Affairs, Education and Research

The first meeting of the Blockchain task force will take part on January 12, 2018.

Recently, we have reported that Swiss private bank Falcon is going to offer to its clients a compliant process for investing wealth generated from trading in cryptocurrencies.

PascalCoin to activate V3 Hard fork

PascalCoin V3 Hard fork will be activated on block 210,000 on May 31 and feature anonymity via transaction mixing and inflation reduction
26 May 2018   39

PascalCoin is preparing for V3 Hard fork scheduled for May 31. It will introduce key improvements as such:

  • anonymity transaction mixing;
  • 50% inflation reduction;
  • Lazarus/FPC gets 10% of funding

To get more into the details:

PascalCoin transactions occur between publicly visible accounts and the crucial aspect needs to be implemented - fungibility. The improvement will allow users to perform 'client-server mixing', 'network-protocol mixing', 'chaining multi-transactions', 'decentralized exchanging' and 'monetized-API mixing'.

As for Lazarus/FPC (a base tooling from which PascalCoin is founded on), a total of 10% of the Developer Rewards is recommended to be allocated for the FOSS project funding. In a long run, a large developer mind-share is expected to reduce costs significantly.

To learn more about the details of the fork, you can visit Improvement Proposal page here. And regarding the market characteristics of PascalCoin, at the moment of publication they are as follows:

Average price 0.765895 USD
Market cap 15,978,408 USD
Volume (24H) 89,861 USD