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      "permlink": "zb-com-system-upgrade-notice",
      "title": "ZB.com System Upgrade Notice",
      "body": "Dear users,\n\nZB.com will perform system upgrade from 0:00 on October 26, 2018 (UTC+8). The upgrade will take approximately 8 hours. ZB.com will suspend withdrawals and trading during the upgrade period. We will make a further notice as soon as ZB.com completes its system upgrade.\n\nWe apologize for any inconvenience caused and thank you for your patience.\n\nZB Global Team\n\nOctober 25, 2018",
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      "title": "",
      "body": "Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!\nIf you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).",
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      "permlink": "spain-to-develop-blockchain-tech-application-for-transparency-in-forestry-industry",
      "title": "Spain to Develop Blockchain Tech Application for Transparency in Forestry Industry",
      "body": "The Spanish Ministry of Agriculture,Fisheries and Food plans to apply blockchain technology to develop the forestry industry, local news outlet Europa Press reported September 21.\n\n![313A313A3134_1627393.jpg](https://cdn.steemitimages.com/DQmYLpz4Uhd9rwJ1Fbws5fFxSe7N5a18wkoY9UdszyegeL9/313A313A3134_1627393.jpg)\n\nThe operating group, entitled ChainWood,aims to improve the trace ability and efficiency of the wood supply in Spain by implementing blockchain technology in industry logistics.\n\nChainWood is a group of eight partners from different Spanish regions, including Galicia, the Community of Madrid,Andalusia, Castilla y León, and Asturias. The operating group was created with funding by the Ministry of Agriculture, Fisheries, and Food, the Directorate General for Development Rural and Forest Policy, and the General State Administration, with a total subsidy of 93,350 euros.\n\nThe working meetings of ChainWood have already been held in Santiago de Compostela and Madrid, with the group set to develop a cloud-based software “that will improve the transparency” to forestry processes — like the creation of solid wood, disintegration, cellulose paste,and biomass — by applying blockchain, big data, and machine learning.\n\nOnce the platform has been developed,ChainWood will carry out pilot experiments in Castilla y León with the poplar,Asturias with the chestnut, and Galicia with the oak tree.\n\nBack in August, China’s northern Sichuan province government signed a strategic cooperation contract establishing a new company, Hangzhou Yi Shu Blockchain Technology Co., Ltd, for “forestry economic development and industrial poverty alleviation.”\n\nPreviously this summer, the Catalonian Government had revealed a plan to promote blockchain technology “with the aim of improving digital services to the public,” Cointelegraph reported July 25.\n\nFrom: Cointelegraph.com\n\nEditor: Max Yakubowski",
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      "title": "",
      "body": "Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!\nIf you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).",
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      "permlink": "zb-announcement-zb-com-will-open-pax-markets-on-september-27-2018-utc-8",
      "title": "【ZB Announcement】ZB.com Will Open PAX Markets on September 27, 2018 (UTC+8)",
      "body": "Dear Users,\n\nPAX/USDT trading is available on ZB.com, the trading fees for PAX/USDT is free.\n\nIn order to facilitate the circulation of PAX and provide more trading options for users, ZB.com will open PAX markets at 14:00 on September 27th, 2018 (UTC+8), supports BTC/PAX, ETH/PAX, BCH/PAX, LTC/PAX and ETC/PAX trading pairs.\n\n![微信图片_20180925181821.jpg](https://cdn.steemitimages.com/DQmen4dTPA1Qgk6u17m7ssMvPuMqjMSQKBErjhUufECHSvF/%E5%BE%AE%E4%BF%A1%E5%9B%BE%E7%89%87_20180925181821.jpg)\n\nThe trading fees for Maker and Taker in PAX Markets will be charged independently, please read the details as follow: \n\n1. Trading fees for Maker will be -0.03%, which means the trading fees for the Makers will be free, moreover 0.03% bonus will be distributed for every completed transaction.\n\n2. Trading fees for Taker will be 0.02%, there will be 50% off for the trading fees from September 27th, 2018 to December 31st, 2018 (UTC+8).\n\n3. Discount for paying transaction fees with ZB tokens and Market Maker Program discount will not supported in PAX Markets. The trading fees for SVIP members of \tZB.com will be depended on SVIP account’s level.\n\n\nZB Global Team\n\nSeptember 25, 2018",
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      "body": "Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!\nIf you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).",
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      "permlink": "dubai-department-of-finance-launches-blockchain-based-payment-system-for-uae-gov-t",
      "title": "Dubai Department of Finance Launches Blockchain-Based Payment System for UAE Gov’t",
      "body": "The Dubai Department of Finance (DoF) has partnered with the Smart Dubai Office (SDO) to launch a blockchain-powered payment system.The news was reported on by a local news site Zawya, September 23.\n\n\n![313A313A3134_1627167.jpg](https://cdn.steemitimages.com/DQmZrPyN3sazgRrjK6ZCKe98LHkjK9rKaR1xUo2MK3Qdd4N/313A313A3134_1627167.jpg)\n\n\nThe new platform, called “Payment Reconciliation and Settlement,” was officially launched Sunday, September 23.It is reportedly geared towards government entities, such as the Dubai Police, Roads and Transport Authority (RTA), Dubai Health Authority(DHA), and others.\n\nAccording to Zawya, the Dubai DoF and SDO intend for the system to provide for a more accurate and transparent governance process, as well as to enable real-time payments within and between government structures.\n\nAs Zawya reports, the currently existing process for transactions in Dubai government is time-consuming, requiring up to45 days to complete any given operation.\n\nThe new system is reportedly already in useby the Dubai Electricity and Water Authority (DEWA) and the Knowledge and Human Development Authority (KHDA), with a total number of test transactions amounting to more than five million.\n\nDr. Aisha Bin Bishr, Director General atthe SDO, commented that blockchain is “one of the most promising of [emerging] technologies.”\n\nIn 2017, the SDO group was granted the top honors at the Smart Cities Expo and World Congress in Barcelona, acquiring the City Project Award from among 308 other teams for their Dubai blockchain Strategy.\n\nThe Smart City project was reportedly introduced by Vice President and Prime Minister of the UAE and Ruler of the Dubai Emirate Sheikh Mohammed bin Rashid in 2013. Supported by the government,private sector, and institutional partners, the organization’s goal is to provide a smart ecosystem for cooperation between government entities and residents and visitors.\n\nSmart Dubai is not the only government-backed initiative that intends to employ major emerging technologies such as blockchain in the country.\n\nIn April of this year, the UAE Vice President and Prime Minister launched the “UAE Blockchain Strategy 2021” initiative, with a goal to achieve the position of a global leader in adopting the technology.\n\nIn July, the Dubai International Financial Centre (DIFC) announced its partnership with Smart Dubai to develop a“Court of the Blockchain.” The organizations aim to explore the potential ofthe technology in addressing the shortcomings of the UAE’s legal system, for example by introducing blockchain-based verification of court judgements.\n\nFrom: Cointelegraph.com\n\nEditor: Helen Partz",
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      "title": "",
      "body": "Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!\nIf you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).",
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      "permlink": "us-lawmakers-strongly-urge-irs-to-update-crypto-tax-guidance",
      "title": "US Lawmakers 'Strongly Urge' IRS to Update Crypto Tax Guidance",
      "body": "A group of U.S. lawmakers has called on the nation's Internal Revenue Service (IRS) to release comprehensive guidance for taxpayers earning gains on cryptocurrency investments or transactions.\n\n![313A313A3134_1626925.jpg](https://cdn.steemitimages.com/DQmdyBFcszxHHm7Htnmc2b9TmJmRtxbj8ztjtxxFobkbiHA/313A313A3134_1626925.jpg)\n\nIn an open letter sent to acting IRS commissioner David Kautter, representatives Kevin Brady, Lynn Jenkins,David Schweikert, Darin LaHood and Brad Wenstrup write that the agency has had\"more than adequate\" time to develop clear rules on how cryptocurrency-related profits would be taxed.\n\nRather than release such guidance, the IRS has instead focused on enforcement actions around preliminary rules released in 2014, the letter claims, citing examples such as the agency's push to collect earnings data on customers from crypto exchange Coinbase and referencing a previous letter sent to the IRS in 2017.\n\n\"We therefore write again today to strongly urge the IRS to issue updated guidance, providing additional clarity for taxpayers seeking to better understand and comply with their tax obligations when using virtual currencies,\" the lawmakers state.\n\nSaying that it is \"a key component ofthe IRS's duties\" to provide such guidance, they add:\n\n\"We are concerned that the IRS is seeking to enforce guidance that does not adequately advise taxpayers of their tax obligations when using virtual currencies.\"\n\nFurther, they argue that failing to provide sufficient guidance \"severely hinders\" taxpayers' ability tocomply with tax obligations.\n\nThe House Committee on Ways and Means,which Brady chairs, will also ask the Government Accountability Office to conduct an audit on the matter, the letter adds.\n\nCrypto advocacy group Coin Center praised the letter in a blog post, with communications director Neeraj Agrawalnoting that \"currently, a user needs to calculate capital gains on every stick of gum they buy with cryptocurrency.\"\n\n\"That doesn't make sense,\" he writes, continuing:\n\n\"We are glad to see Congress take action– there are clearly many open questions surrounding taxation of cryptocurrencies. It's promising to see members of Congress step up to call fora more welcoming environment for these new technologies.\"\n\nFrom: Coindesk.com \n\nEditor: Nikhilesh De",
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      "title": "Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say",
      "body": "Several large Russian banks have expressed their strong interest in working with the industry of cryptocurrency and blockchain during a closed-door meeting held at the Moscow Exchange,sources told Russian news site RBC September 19.\n\n![313A313A3134_1626703.jpg](https://cdn.steemitimages.com/DQmdfepw5YsdVh3LJoi9Nnyvd9Ssk8GiasApZqKjqgtJoPC/313A313A3134_1626703.jpg)\n\nAs an unnamed source familiar with the matter told RBC, the demand for cryptocurrencies in Russia is very high, but the banks are not able to meet it due to the lack of clearly defined regulations.\n\nBecause of that, the representatives of the Russian banks present at the meeting have talked to regulators from Japan,Luxembourg and Singapore to adapt their experience to local realities.Moreover, a lobby group has been formed with the goal of approaching the Russian government with suggestions on how to regulate crypto in the country.\n\nAs an RBC correspondent has learned, an executive from an unnamed \"large\" Russian bank hsa proposed to create an alternative bill on digital assets which will be \"drastically different\" from the current one proposed by government.\n\nAccording to RBC’s report, the private round table has been organised by a lobby group which includes Russia’s largest bank Sberbank, Alfa-Bank, VTB, and others.\n\nThe lobby group has also discussed regulatory issues with global experts, such as officials from a Japanese cryptoexchange Bitflyer, Singapore-based blockchain platform NEM, and cryptocurrency Litecoin. Ex-Minister of Finance of Luxembourg Luc Frieden also took part inthe meeting, explaining how his country had managed to build a legal framework for cryptocurrencies and become one of the leading financial hubs.\n\nThis was not the first meeting of a crypto lobby group held at the Moscow Exchange. The first one, also dedicated to Russia’s digital assets regulations, took place in June.\n\nAs Cointelegraph reported earlier, a draft law \"On Digital Financial Assets,\" proposed by the Russian Ministry of Finance, has passed the first of a total of three readings in the State Duma back in May. However, a group of high-ranking Russian managers considered it “unfinished and fragmented.”\n\nFrom: Cointelegraph.com\n\nEditor: Ana Berman；Nitin Murali",
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      "body": "Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!\nIf you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).",
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{
  "trx_id": "a615d44181396aa1b80690d998cc3e391eceb2ad",
  "block": 26106357,
  "trx_in_block": 33,
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  "timestamp": "2018-09-20T09:32:51",
  "op": [
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      "parent_permlink": "zb",
      "author": "zbcom",
      "permlink": "zb-announcement-announcement-for-market-maker-program-trading-fees-adjustment-on-zb-com",
      "title": "【ZB Announcement】Announcement for \"Market Maker Program\" Trading Fees' Adjustment on ZB.com",
      "body": "![公告配图.png](https://cdn.steemitimages.com/DQmYdJMRTZQoAe3ocRbefGNSS2cT2KwRpUJLCoto6XHcvVm/%E5%85%AC%E5%91%8A%E9%85%8D%E5%9B%BE.png)\nDear Users,\n\nZB.com will adjust the Market Maker Program trading fees for the Maker, some level account’s trading fees will be 0. The trading fees for Taker won’t be changed at this time. The new specific trading fees please refer to “Market Maker Program”. The new trading fee will be executed from 00:00 (UTC+8) on September 21st, 2018.\n\n\n\nNote:\n\n1.     Users can click “Become Market Maker” on https://vip.zb.com/u/traderPlan.If you were already a Market Maker you can click “Renew 30 Days”\n\n2.     The trading fee will be free for the first 7 days if you were the first time for the “Market Maker Program”.\n\n3.     The Trading Volume Calculate Function is available, the users can check your own trading volume on the market maker program page. More details please refer to https://vip.zb.com/u/traderPlan.\n\n4.     API Service is available for single account users on ZB.com, meanwhile the trading fee will be free for ZB Token trading pair.\n\n\n\nZB Global Team\n\nSeptember 21st, 2018",
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      "author": "cheetah",
      "permlink": "cheetah-re-zbcom9-more-tokens-are-available-for-margin-trading-and-investment-on-zb-com",
      "title": "",
      "body": "Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!\nIf you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).",
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  "op": [
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      "amount": "0.001 STEEM",
      "memo": "::: block chain based transparent game ::: join holdem now ! see more info here : https://steemit.com/wcasino/@wcasino/wcasino-holdem-how-to-play"
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{
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  "block": 26102225,
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      "parent_permlink": "zb",
      "author": "zbcom",
      "permlink": "9-more-tokens-are-available-for-margin-trading-and-investment-on-zb-com",
      "title": "9 More Tokens are Available for Margin Trading and Investment on ZB.com",
      "body": "![公告配图.png](https://cdn.steemitimages.com/DQmYdJMRTZQoAe3ocRbefGNSS2cT2KwRpUJLCoto6XHcvVm/%E5%85%AC%E5%91%8A%E9%85%8D%E5%9B%BE.png)\nDear Users,\n\nDASH, BAT, OMG, SNT, ICX, ZRX, XLM, GNT,XEM are available for margin trading and investment on ZB.com, all the tokensabove are available for QC trading pair and USDT trading pair.\n\nNote: There is risk for margin trading andinvestment, please do them carefully and invest effectively within the riskrange.\n\nZB Global Team\n\nSeptember 19th, 2018",
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      "author": "cheetah",
      "permlink": "cheetah-re-zbcomnew-york-attorney-general-report-says-crypto-exchanges-are-at-risk-of-manipulation",
      "title": "",
      "body": "Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!\nIf you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).",
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      "permlink": "new-york-attorney-general-report-says-crypto-exchanges-are-at-risk-of-manipulation",
      "title": "New York Attorney General Report Says Crypto Exchanges are at Risk of Manipulation",
      "body": "A new report published by the New York Attorney General’s office on September 18 says that cryptocurrency exchanges are vulnerable to manipulation, conflicts of interest, and other consumer risks.\n\n![313A313A3134_1626499.jpg](https://cdn.steemitimages.com/DQmaxZkYurVgT7rDqQ9kZZDXBVFbqfyvYWhgMf2RWAdBeN3/313A313A3134_1626499.jpg)\n\nThe report represents the results of the “Virtual Markets Integrity Initiative” launched in April, when New York Attorney General Eric T. Schneiderman sent letters to thirteen crypto exchanges, requesting information on their operations, internal controls and other key issues.\n\nThe move was taken in order to provide average investors with a better understanding of the risks and protections associated with cryptocurrency trading platforms, as well as increase transparency.\n\nThe recent report examines the practices of ten crypto trading platforms based in the U.S. and abroad, as well data collected by the Attorney General’s office about the state of digital currency markets as a whole.\n\nThe study found that the absence of accepted methods for auditing virtual assets results in the lack of a consistent and transparent approach to independently auditing digital currency traded on exchanges. This puts customers’ funds held on their exchange accounts at risk of attacks from hackers or theft. The report subsequently questions the issue of public protection and the sufficiency of the commercial insurance to cover possible losses.\n\nThe report further outlines abusive trading practices, emphasizing that the majority of crypto trading platforms deploy automated traders, offering them special conditions, which leaves retail customers at a disadvantage. It also states that digital currency exchanges involve numerous, overlapping lines of business that represent serious conflicts of interest. The report explains:\n\n“Automated trading activities could also allow a single trader or group of traders to command multiple accounts simultaneously to obscure coordinated trading, in order to manipulate prices.”\n\nThe report notes, that several of the investigated platforms trade their own account in volumes that make up a significant portion of total trading. Several allow their employees to trade on their venue, which raises doubts about exchanges’ efforts to ensure employees do not use non-public data to obtain an advantage over other traders. Some of the platforms issue their own digital currencies or accept compensation in exchange for listing a virtual asset to trade. The report further reads:\n\n“Though some virtual currency platforms have taken steps to police the fairness of their platforms and safeguard the integrity of their exchange, others have not. Platforms lack robust real-time and historical market surveillance capabilities, like those found in traditional trading venues, to identify and stop suspicious trading patterns.”\n![313A313A3134_1626499.jpg](https://cdn.steemitimages.com/DQmaxZkYurVgT7rDqQ9kZZDXBVFbqfyvYWhgMf2RWAdBeN3/313A313A3134_1626499.jpg)",
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      "title": "",
      "body": "Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!\nIf you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).",
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      "parent_permlink": "zb",
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      "permlink": "ethereum-wallets-are-enabling-transaction-scheduling-killer-feature",
      "title": "Ethereum Wallets are Enabling Transaction Scheduling, Killer Feature",
      "body": "MyCrypto, a non-custodial Ethereum and ERC20 token wallet created by the co-founder of MyEtherWallet, has integrated a feature that enables Ethereum users to schedule ETH transactions ahead of time.\n\n![313A313A3134_1626373.jpg](https://cdn.steemitimages.com/DQmYFi2M6L5BUZu49UfU5FNCypUyEeMpQoH5EBUff1QwFi6/313A313A3134_1626373.jpg)\n\nOn MyCrypto, an open-source wallet that is structurally similar to MyEtherWallet, users can connect hardware wallets like Trezor and other non-custodial wallets such as MetaMask to use their existing wallets on a better interface.\n\nAs such, the ETH transaction scheduling feature on MyCrypto can be used by any Ethereum wallet user by simply connecting their existing wallets with MyCrypto.\n\nScheduling Transactions\n\nMyCrypto is the first wallet platform toimplement native cryptocurrency transaction scheduling by utilizing Chrono Logic’s debt smart contracts and temporal Ethereum-based innovation.\n\nWith it, Ethereum users can now send transactions ahead of time on the Ethereum mainnet, which opens up the possibility of the types of payments that simply did not exist before.\n\nFor instance, with the feature, Ethereum users can send funds to an ICO in advance to refrain from being left out of the token sale, send payments to subscriptions ahead of time, and schedule transactions to business partners or suppliers.\n\n“Maybe you want to get into that latest hot ICO but you’ll be away from your computer. Maybe you want an ENS domain name and don’t want to miss the reveal period Maybe you need to pay at a certain time for a subscription.Maybe you want to send yourself a reminder in the future (though there are probably better options for this),” the MyCrypto team said.\n\nIn an interview with the Chrono Logic team,Ethereum co-creator Vitalik Buterin stated that scheduling transactions is a feature that is very valuable, as he explained\n\n“I know there were a lot of interest in it [Ethereum alarm clock] way back when Piper created the alarm clock. It seems like something that would bevery valuable.”\n\nTaylor Monahan, the founder and CEO of MyCrypto echoed a similar sentiment as Buterin, stating:\n\n“I think it just opens up the possibility for a lot of things. One of them is multi-step transaction. When you have to complete a step and then you wait for something to happen, whether that is something in the real world orjust like with the ENS for example.”\n\nMore Wallets Interested\n\nMetaMask software developer Frankie Pangilinan said that alarm clocks are good for subscriptions, while Ledgerco-founder Nicolas Bacca said that the team is exploring ways to implement alarm clock into hardware wallets to add the transaction scheduling feature.\n\n“I see how we can collaborate with a hardware wallet to make sure your transaction is scheduled properly, I mean has been scheduled at the right time,” Bacca noted.\n\nBecause scheduling and execution of transactions are completed with smart contracts, and the code of the smartcontracts utilized by the Ethereum Alarm Clock and Chrono Logic are audited,there exists no risk of transactions failing or being sent out at the wrong time.\n\nFrom: CNN.com\n\nEditor: Joseph Young",
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      "permlink": "cheetah-re-zbcomzb-announcement-ltc-bch-eos-mortgage-loan-service-are-available-on-zb-com",
      "title": "",
      "body": "Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!\nIf you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).",
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{
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      "parent_permlink": "zb",
      "author": "zbcom",
      "permlink": "zb-announcement-ltc-bch-eos-mortgage-loan-service-are-available-on-zb-com",
      "title": "【ZB Announcement】LTC,BCH,EOS Mortgage Loan Service are Available on ZB.com",
      "body": "![公告配图.png](https://cdn.steemitimages.com/DQmYdJMRTZQoAe3ocRbefGNSS2cT2KwRpUJLCoto6XHcvVm/%E5%85%AC%E5%91%8A%E9%85%8D%E5%9B%BE.png)\nDear Users,\n\nLTC,BCH,EOS mortgage loan service are available on ZB.com.\n\nFor the Mortgage loan fees and Liquidation Ratio please refer to  \"Mortgage Loan Fees\"\n\nThank you for your support.\n\nZB Global Team\n\nSeptember 18th, 2018",
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      "title": "",
      "body": "Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!\nIf you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).",
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      "parent_permlink": "zb",
      "author": "zbcom",
      "permlink": "russian-lobby-group-to-present-alternative-bill-on-digital-assets",
      "title": "Russian Lobby Group to Present Alternative Bill on Digital Assets",
      "body": "A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) is working on an alternative cryptoregulation bill, which will eliminate supposed contradictions in the state draft law “On Digital Financial Assets,” Forklog reported Thursday, September14.\n\n![313A313A3134_1626262.jpg](https://cdn.steemitimages.com/DQmWBFKSn9CuYETn8JVD5Bvz6jWmnN4pfapcbcwsdgf9LKr/313A313A3134_1626262.jpg)\n\nThe alternative bill will be developed by agroup of high-ranked Russian managers such as billionaire Vladimir Potanin,owner of the nickel and palladium mining and smelting company Nornickel, andViktor Vekselberg, head of the Russian innovation fund Skolkovo. Both are listed among the top ten richest businessmen in the country by Forbes.\n\nThe expert council for the lobby group is formed by representatives of various ministries, departments and the Russian State Duma.\n\nAccording to RSPP vice-president Elina Sidorenko, the new bill will divide digital assets in three groups: tokens,which will be equivalent to securities, cryptocurrencies, and digital “signs”.She further explained that cryptocurrencies will be treated differently:\n\n“Cryptocurrencies will have a special status, which has never appeared in Russian legislation before, and will be regulated on the basis of laws and regulations that will be issued by the Russian Central Bank. The Central Bank will issue licenses for exchange operations. In this regard, the status of crypto owners will be notably facilitated in comparison to securities owners.”\n\nSidorenko stressed that tokens will also fall under the law on securities, while “digital sign” issuers will not need toapply for licences from the central bank. She did not specify what “digital sign” meant legally.\n\nSidorenko hopes that the alternative bill will help eliminate contradictions in the state bill that she calls “unfinished and fragmented”. Per Sidorenko, the RSPP document will rely on the actual legal framework in Russia and will take other countries’ experience into consideration.\n\nThe alternative bill must first be approved by the RSPP, which will then discuss it with Russian officials later inOctober, Forklog reports.\n\nThe bill “On Digital Financial Assets” was accepted by the State Duma in the first of three readings in May 2018. The law defined cryptocurrencies and tokens as property and soon drew criticism from industry figures.\n\nFrom: Cointelegraph.com\n\nEditor： Ana Berman",
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      "body": "Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!\nIf you believe this is an error, please chat with us in the #cheetah-appeals channel in [our discord](https://discord.gg/7FkETjJ).",
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      "title": "Australian PM Sees 'Massive Opportunities' in Blockchain Technology",
      "body": "Australian Prime Minister Scott Morrison is emerging as blockchain's latest hero after he stated that the technology offers massive opportunities in the financial markets.\n\n![313A313A3134_1626055.jpg](https://cdn.steemitimages.com/DQmeKfmDP9AcphAiboi3pNBgYPhkW9Rh4M4eAJ4rriYyYiD/313A313A3134_1626055.jpg)\n\nThe new Australian Prime Minister, Scott Morrison, sees “massive opportunities” in blockchain technology and that it could transform the country’s financial system by offering challenges to existing big banks.\n\nIn a short video clip posted on YouTube,CryptoLabs CEO Tim Meyer, Morrison’s views on blockchain technology could make him the industry’s new hero and the most senior official to advocate thetechnology.\n\nWhen was asked his opinion about distributed ledger technology (DLT) and if he sees the technology providing solutions to make Australia's banking sector more efficient, the Australian leader initially said no. But his explanation of his answer revealed his true perception of the industry.\n\nHe stated, “When I was Treasurer [hisprevious role in Australian politics] I looked a lot at cryptocurrencies. But what we have now in Australia is a new payments platform which provides 24/7settlement, the biggest change in our payment rail system seen by Australia for decades,” referring Australia’s latest National Payments Platform rolled out in February this year, which provides almost real-time clearing between payment processors and banks.\n\nHowever, he disclosed his background in the treasury sector and enthusiastically discussed the capabilities offered by blockchain the banking sector.  “Let me be nerdy for a sec. but what is being done with DLT and blockchain is going to open up massive opportunities.”\n\nMorrison cited the upcoming legislation in the country’s parliament, particularly the Consumer Data Rights and Open Banking Reform, which he said are areas where blockchain technology would have a more significant impact.\n\nHe added the best thing he likes about blockchain technology is its potential to “deliver much tougher competition for the big banks.”\n\nMorrison’s “vote of confidence” to DLT comes as the country’s financial watchdog, the Australian Securities and Investments Commission (ASIC) said it would keep a close monitoring on domestic cryptocurrency exchanges and Initial Coin Offerings (ICOs).\n\n \"We will continue to focus on monitoring threats of harm from emerging products (e.g., ICOs and cryptocurrencies), cyber resilience, the adequate management of technological solutions by firms and markets, and misconduct that is facilitated by or through digital and/orcyber-based mechanisms,\" ASIC said in a statement.\n\nFrom: Cryptovest.com\n\nEditor: Komfie Manalo",
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