The European Union is rising as a significant alternative to the US for ICOs, with France as the latest to pass new progressive legislation.
China strengthens its stance on blockchain by creating a new finance platform with the assistance of the People’s Bank of China.
The JVCEA, Japan’s self-regulated group of crypto exchanges, is planning to introduce margin limits of 4-1 in local trading. The move is expected to help prevent investors from wild price swings inherent to Bitcoin andother tokens.
The G20, in their mid-July meeting, declared their official position on crypto and related assets. While they outlined the risks associated with the technology, they do not appear to be opposed to its existence.
Timur Khromaev, head of the Financial Stability Council of Ukraine, took to social media to voice support for crypto regulations. In order to keep the environment safe, the Council intends to begin regulating tokens and ICOs, but has a hands-off approach to crypto mining.
On July 19th India’s Supreme Court was set to rule on the RBI’s ban on crypto dealings. Not all involved parties had filed their response to the petition so the final arguments have now been rescheduled for September 11, 2018.