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Roskomnadzor blocked Bestchange



cryptocurrency exchange service search service

Bestchange was blocked by Roskomnadzor for Russian users on March 11 in accordance with the decision of the Kuybyshevsky District Court of Omsk dated July 24, 2018. The popular portal for searching exchange services, including cryptocurrency exchange .

According to the decision , Bestchange and a number of similar services offer “ Bitcoin “ e-currency ”services ( Bitcoin) , which is a virtual means of payment and accumulation. The specified cryptocurrency is not provided with real value, does not contain information about its holders (all its use is anonymous). ”

The plaintiff in the person of the prosecutor of the city of Omsk made a statement, asking to recognize the information posted on these sites, illegal for distribution in the territory of the Russian Federation, which the court decided to satisfy.

In its decision, the court refers to Art. 27 of the Federal Law of 10.07.2002 No. 86-ФЗ “On the Central Bank of the Russian Federation”, according to which the official currency in the territory of the Russian Federation is the ruble, and “the introduction of other monetary units and the issuance of monetary surrogates are prohibited”.

"In such circumstances, cryptocurrencies , including Bitcoin, are money substitutes, contribute to the growth of the shadow economy and cannot be used by citizens and legal entities on the territory of the Russian Federation," the decision says.

The court also refers to the position of the Central Bank, according to which “the use of cryptocurrency in transactions is the basis for considering whether such transactions are aimed at financing terrorism”, and “the provision of virtual currency exchange services by Russian legal entities will be considered into conducting suspicious operations in accordance with the legislation on countering the financing of terrorism. ”

“Thus, this activity is contrary to the Federal Law of 07.08.2001 No. 115-ФЗ“ On Counteracting the Legalization (Laundering) of Criminally Income and the Financing of Terrorism ”.”

In May 2017, guided by similar arguments, the decision to block the Bestchange, along with 39 other sites of a similar focus, was issued by the October Court of St. Petersburg.

Publication date 13.03.2019
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US SEC Commission: Some Stablecoins May Be Recognized to Securities



According to Valery Schepanik, senior consultant for digital assets of the United States Securities and Exchange Commission (SEC), the norms of securities legislation may apply to certain types of glasscoins . Reported Decrypt .

According to Shchepanik’s classification, one stablecoin can be tied to real assets like gold or real estate, the other to fiat currency, and the third to use various “financial mechanisms that support price stability.” It is the third category, in its opinion, that can become the object of close attention of the regulator.

“I came across steyblokinoy, the value of which controls a certain pricing mechanism associated with the emission, creation or redemption of another type of digital assets tied to them. Or, it is supported by control over the ratio of supply and demand in order to keep prices in a certain range , ”said the SEC representative.

According to her, if the central side controls the steakblock's price volatility, or if the buyer is promised a guaranteed income or a controlled price, such an asset can be recognized as a security.

She noted that the agency applies equally to all cryptocurrency projects. Shchepanik also emphasized that companies should contact the agency for consultation before the release of the token , and not after:

“We would prefer that people turn to us for permission or advice before they do something, rather than do something first, and then come to ask for forgiveness.”

Publication date 18.03.2019
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Japan will consolidate the rules for cryptocurrency in the category of "cryptographic assets"



The Cabinet of Ministers of Japan proposed amendments to the laws “On Financial Instruments and Exchanges” and “On Financial Settlements”. Thus, it is planned to consolidate a number of norms regulating the market for digital assets.

The Law “On Financial Instruments and Exchanges” is aimed at ensuring the transparency of markets and the safety of investors. It contains clear requirements for operations with derivatives and securities.

Several points may be added to Japanese law.

So, it is proposed to make cryptocurrency in a separate category – “cryptographic assets”. This is consistent with the definition adopted by the G-20 countries. Companies that deal with their exchange will receive the status of "agents for the exchange of cryptographic assets."

Cryptocurrency exchanges may be required to keep clients' funds in cold wallets. If for these purposes it is necessary to use the infrastructure that is connected to the Internet, then the assets should be provided with their own funds of the exchange.

Margin trading of digital assets is proposed to regulate by analogy with the markets of foreign currencies.

"In addition, cryptocurrency companies can prohibit the use of promotional materials that encourage speculation and indulge in dishonest practices (price manipulation, insider trading, etc.)."

Publication date 18.03.2019
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Ledger Nano S Wallet Receives Certificate of the French Cyber Security Agency

Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI). Ledger is proud to announce that it is a wallet! The obtained CSPN certificate shows a third-party assessment of security, rather than taking our word for it. Read more here: […]



Ledger Nano S was the first hardware cryptograph certified by the French Information Systems Security Agency (ANSSI).

As noted in the company's blog, the process of obtaining the first level of a security certificate involves evaluating a product according to several criteria, including "firewall, identification, authentication and access, security of communications and embedded software."

“We are proud to announce that ANSSI has passed independent certification ,” said Ledger CEO Eric Larshevek. “ For Ledger, safety is paramount.”

He also promised that his company would make an effort to certify the rest of its products.

Recall, recently the French manufacturer of hardware wallets Ledger reported vulnerabilities from its competitor Trezor.

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