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Crypto Self-Regulation Deemed Likely in South Africa

Written by:
Guest
Published on:
Apr/07/2018

The South African Reserve Bank (SARB) has set up a team to monitor fintech developments and assist its efforts to finalize the regulatory regime for cryptocurrencies, Bitcoin.com News is reporting this weekend.  SCROLL DOWN FOR MORE

A “self-regulatory approach” is the most likely in South Africa with a non-government body expected to adopt rules and implement industry standards. The central bank in Pretoria would formulate policy structure should all go according to plan.

“Regulation through self-regulatory organizations may be a more likely solution,” Bridget King, Finance and Banking Practice Director at a leading South African law firm, told the Business Report.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Jeff Ifrah: US Regulators Odds-On to Approve In-Game Tokens

Jeff Ifrah: US Regulators Odds-On to Approve In-Game Tokens

On this week’s CoinGeek Conversations, we spoke to the Founder of Ifrah Law, Jeff Ifrah as he discussed NFTs, possible US regulations in the Gaming and Cryptocurrency industries.

The Bitcoin White Paper: Timestamp Server

The Bitcoin White Paper: Timestamp Server

Continuing to review the series of dialogues between Dr. Craig S. Wright and Ryan X. Charles, where they discuss the Bitcoin White Paper line-by-line, we come to the section concerning the Timestamp Server. Dr. Wright is the inventor of Bitcoin and the Chief Science officer at nChain while Ryan is the founder of Money Button. 

The Bitcoin White Paper: Stealing Bitcoin

In the video discussion about the second paragraph of the Bitcoin white paper between Dr. Craig S. Wright and Ryan X. Charles, the topic of honesty arose with regards to nodes and the security of the system. While there are a number of security features built in to blockchain, the idea of a rogue or criminal node stealing transactions is thwarted from an economic standpoint.  

The Bitcoin White Paper: Proof of Work and Network

The Bitcoin White Paper: Proof of Work and Network

In a series of YouTube videos, Dr Craig S. Wright and Ryan X. Charles discuss the Bitcoin white paper line by line. Their discussions both clarify the original purpose and intent of Bitcoin as well as inspire additional thoughts about and future uses of it. Having the creator of Bitcoin explain it in his own words certainly clarifies some of the areas that have been misunderstood by many for a very long time. 

The Bitcoin White Paper: Part One

The Bitcoin White Paper: Part One

Who better to discuss the nuances and mapping of Bitcoin with than the creator himself, Dr. Craig S. Wright. That’s exactly what Ryan X. Charles was able to do in an interview discussing the Bitcoin white paper, line by line. It was an opportunity to share with the world in an open discussion Dr. Wright’s creation and vision. Let’s take a look at some of the takeaways from that interview.

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