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“Chamber of Digital Commerce Develops New Initiative to Promote Best Practices for Burgeoning ICO Ecosystem”

Washington, D.C., September 18, 2017 – The Chamber of Digital Commerce is pleased to announce the Token Alliance, an industry-led initiative to educate, promote and help shape the responsible growth of token and digital asset issuances. The Token Alliance is co-chaired by former Chairman of the U.S. Commodity Futures Trading Commission, Dr. Jim Newsome, and former U.S. Securities and Exchange Commissioner, Paul Atkins.

Token sales or Initial Coin Offerings (“ICOs”) can be a powerful tool for startups and businesses seeking funding through a crowdsale. In 2017 alone, more than 100 token sales raised over $1.5 billion. However, regulatory uncertainty and compliance continues to be a challenge for the industry. The Token Alliance will work with the community to recommend legal frameworks that drive innovation and promote investment, balanced with protections for market participants.

“With the SEC’s recent findings regarding ICOs, combined with the CFTC’s determinations and enforcement, it is clear that proactive industry efforts are imperative and timely,” said Jim Newsome, Founding Partner of Delta Strategy Group and former Chairman of the CFTC. “I look forward to helping shape the dialogue and enable this innovative technology to progress for the benefit of industry and consumers.”

Paul Atkins, CEO of Patomak Global Partners and former SEC Commissioner said, “The Token Alliance will serve a much needed role in helping the industry establish for itself appropriate guidance for this new and exciting asset class. I’m thrilled to be a part of this initiative and bring my service as a former securities regulator to help foster this ecosystem.”

The initial participants of the Token Alliance is comprised of more than 70 organizations including: Alluminate, AlphaPoint, Bankcoin Global, Blake Cassels & Graydon, Bloq, CMT Digital, Cognizant, Cooley, Crowell & Moring, Elliptic, Gem, Hashed Health, Loyyal, Microsoft, Netki, Node40, Parsons & Whittemore, Perkins Coie, Polsinelli, Qtum, Reed Smith, Rimon Law, Rivetz, Steptoe & Johnson, t0 and Tally Capital.

“As with all new technologies, it is important to set appropriate guidelines to curb potential abuse, while protecting innovation,” said Perianne Boring, Founder and President, Chamber of Digital Commerce. “We look forward to working with our members to continue to promote and advocate for the power of the blockchain.”

The Token Alliance is open to participants from across technology, legal, advisory and other sectors, with an expertise in blockchain technology. Companies interested in learning more and participating are encouraged to contact the Chamber of Digital Commerce at:[email protected].

 

About the Chamber of Digital Commerce

Headquartered in Washington, D.C., the Chamber of Digital Commerce is the world’s largest trade association representing the digitalasset and blockchain industry. For more information, please visit: DigitalChamber.org.

munich bitcoin

On October 9-10, The Blockchain Academy will take place in Munich. After successful events in London and Milan, The Blockchain Academy is expanding its international outreach to answer the needs of global exposure to Bitcoin and Blockchain Education.

The consolidated approach on education is the main driver of The Blockchain Academy events. Thanks to the global recognition of Bitcoin and Blockchain Technology and considering The Blockchain Academy past experiences, Munich will be hosting another great educational 2-day event.

Participants will gain proper knowledge about Bitcoin and Blockchain as well as an understanding of how this technology fits into the existing economic framework. The Full Academy (2 days) is designed for those who want a comprehensive outlook on Bitcoin and Blockchain Technology: the first day is made of an introduction which covers most of the relevant topics that any C-Level exec would want to know. Day 2 provides an in-depth analysis of the most important technological breakthroughs made possible by Blockchain. Participants can choose whether to attend the Full Academy or only the first day.

The Blockchain Academy is proving itself right in affirming that more than a technology Bitcoin and Blockchain represent a groundbreaking cultural paradigm shift. Participants will be able to study as well as practice what they will be listening from Ferdinando M. Ametrano who has been speaking about Bitcoin at Banca d’Italia, Italian Parliament Lower House and IlSole24Ore just to name a few. Ferdinando was Chairman of the Host Committee for Scaling Bitcoin 2016 in Milan. Few innovative blockchain start-ups will also be present at the 2- day event.

Marco Favia, Head of Blockchain Business Board, presenting the event stated that: ”The World Economic Forum in its latest white paper Realizing the Potential of Blockchain suggests that there’s a need for better strategic knowledge about blockchain: we are totally aligned with this approach having started our educational path one year and a half ago. We’ve been suggesting and encouraging a knowledge centered approach when talking about blockchain technology and we’ll continue in this way.”

The Blockchain Academy is one of the leading blockchain educational program in Europe created by B3 – Blockchain Business Board.

WHO SHOULD ATTEND

C-level execs that need to properly understand what is going on, transaction bankers, regulators, innovators, payment institution managers, technologists, software developers, security experts, lawyers and notaries interested in the digital domain.

WHEN

9/10 October 2017

WHERE

Highlight Towers

Mies-van-der-Rohe-Str.8
80807 München (DE)

Would you like to reserve your ticket? Click here

Visit the following link for more details and information: www.theblockchainacademy.org

ABOUT B3 – BLOCKCHAIN BUSINESS BOARD

B3 is an International Research Program that aims to explore and share how existing business models could evolve in line with the improvements made possible by the Blockchain technology. We are developing our own Blockchain ecosystem in order to facilitate connections among different stakeholders such as startups, experts, academia, companies and investors.


The publication of a press release on this page should not be viewed as an endorsement by Block Explorer. Customers should always do their own research before buying from or investing funds in any company.

tax bitcoin parity

Washington DC, September 7th, 2017 – Rep. Jared Polis, D-Colo., and Rep. David Schweikert, R-Ariz., co-chairs of the Congressional Blockchain Caucus, introduced the Cryptocurrency Tax Fairness Act of 2017 today.

In 2014, the IRS classified digital currency as property. The outdated guidance classifies even the smallest of cryptocurrency transactions the same as buying or selling stock, which dis-incentivizes consumers from using virtual currencies to pay for goods and services.

The bipartisan legislation creates a structure for taxing purchases made with cryptocurrency. Similar to foreign currency transactions, it allows consumers to make small purchases with cryptocurrency up to $600 without burdensome reporting requirements.

“Cryptocurrencies can be used for anything from buying a cup of coffee to paying for a car, to crowdfunding a new startup and more and more consumers are choosing to use this type of payment. To keep up with modern technology, we need to remove outdated restrictions on cryptocurrencies, like Bitcoin, and other methods of digital payment,” said Polis. “By cutting red tape and eliminating onerous reporting requirements, it will allow cryptocurrencies to further benefit consumers and help create good jobs.”

“Individuals all over the world are starting to use cryptocurrencies for small every day transactions, yet here in the States we have fallen behind and make cryptocurrency use more of a challenge than it needs to be,” said Schweikert. “With this simple legislative change, anyone can make digital payments to buy a newspaper or a bike without worrying about tax code challenges.”

“While Bitcoin and other cryptocurrencies are technologically innovative payment methods, today you have to keep track of and report every transaction you make using them, whether it’s a $10,000 investment trade or whether you’re buying a 99¢ song online or a latte at a café. This obviously creates friction and puts cryptocurrencies at a disadvantage relative to other digital payment methods,” said Jerry Brito, Executive Director of cryptocurrency think tank Coin Center. “We applaud Representatives Polis and Schweikert for their leadership in introducing the Cryptocurrency Tax Fairness Act, which would treat cryptocurrencies similarly to how foreign currency is now treated and relieve users from having to keep track of small personal transactions. Not only will this create a level playing field for digital currencies, it will also help unleash innovation on applications like micropayments, which can consist of dozens of transactions per minute and thus are difficult to square with the current law.”

Polis and Schweikert relaunched the Congressional Blockchain Caucus in February. The caucus educates, engages, and provides research to help policymakers implement smart regulatory approaches to the issues raised by blockchain-based technologies and networks.

Blockchain is a decentralized distributed ledger that is the main technology powering cryptocurrencies such as Bitcoin and Ethereum. By using math and cryptography, blockchain supplies a decentralized database of every transaction involving value. This creates a record of authenticity that is verifiable by a user community, increasing transparency and reducing fraud.

Crytocurrencies, like Bitcoin and Ethereum, are used for purchases, trade, and payment across the globe. The estimated value of the cryptocurrecy economy is $162 billion.

 

On September 7, Stockholm will host a large conference dedicated to blockchain technology, cryptocurrencies, and ICOs – Blockchain & Bitcoin Conference Stockholm. That is one of the events from Smile-Expo company that organized 15 blockchain conferences in Europe. The key discussion topics will include blockchain implementation (in finance, power industry, municipal services, insurance), token issuance as an investment tool, and legislative regulation of cryptocurrencies and ICOs.

ICO for startups and investors

The hot topic of Initial Coin Offering will be highlighted in the discussions with the cofounder of TenX Julian Hosp, blockchain evangelist Oleg Kudrenko, and cofounder of Cofound.it Daniel Zakrisson. Daniel will share the experience of successfully held crowdsale campaign that raised over $15 million to develop a platform intended for finding investment and financing startups. Julian will present five main characteristics of a successful ICO and give practical advice on token issuance, and Oleg’s presentation will focus on the analysis and prospects of Initial Coin Offering.

Legislation and cryptocurrency adoption

One of the keynote speakers of Blockchain & Bitcoin Conference will be the main blockchain and cryptocurrency lobbyist in the Swedish Parliament Mathias Sundin. He is known as the world’s first politician that ran his political campaign backed up by bitcoin donations only. Mathias, whose election program contained the summons to support innovations, will present his view on cryptocurrency adoption by the society. The report of Safello’s CEO Frank Schuil will cover a similar topic – the adoption of blockchain and bitcoin. He will review different stages of cryptocurrency adoption: from their zero value several years ago to wide opportunities in 2017.

Blockchain in power industry and other areas

Leading engineer of Polish IBM division Karolina Marzantowicz will devote her presentation to blockchain application in the power industry. The audience will learn how decentralization helps to cut costs in the power market. In addition, the conference will include presentations on the topics of national cryptocurrency issuance, mining, shifting business to smart contracts, and blockchain application in the insurance field. Alongside the conference, an exhibition of software, hardware, and related services that cater to the needs of crypto industry and investing will be held. More information about the topics and speakers is available on the website of Blockchain & Bitcoin Conference Stockholm.


The publication of a press release on this page should not be viewed as an endorsement by Block Explorer. Customers should always do their own research before buying from or investing funds in any company.

On September 7, Stockholm will host the exhibition of equipment for the cryptocurrency industry within Blockchain & Bitcoin Conference Stockholm. Visitors will be able to attend companies’ stands, see innovative software and hardware in operation, talk to developers and find partners for implementing new ideas. Exhibiting companies integrate the blockchain and cryptocurrency into various sectors.

Blockchain for payments and goods delivery
Dash is a cryptocurrency included into the world’s top 10 in terms if capitalization along with bitcoin and ether. It is focused on payment systems: a company offers safe decentralized solutions to pay for services using virtual money. Company representatives will tell the audience about their development called Dash Evolution, a unique user-friendly platform for decentralized payments.

Cointed, a new bitcoin exchange service (Austria) also participates in the exhibition. The company focuses on several areas: supply and maintenance of bitcoin ATMs, eco-friendly mining using hydropower and PayCo cryptocurrency payment system.

Swiss Ambrosus startup is a development based on a blockchain innovative application area. It is aimed at food supply using smart contracts: product and payment data are recorded, while a network of connected sensors monitors product quality on its way towards a shop counter.

Goldmint is one of the first platforms, which tokens will be backed by real gold. This startup, a project of Lot-Zoloto (buying up gold at the pawnbroker’s and reselling it), is going to emit a cryptocurrency backed by gold bullions. Company representatives are ready to tell all attendees coming to their stand about advantages of such tokens.

Blockchain in insurance
Insurance is considered to be one of the most prospective sectors for the blockchain. Rega Risk Sharing has developed an Ethereum-based platform for mutual insurance products. The project involves technologies that efficiently protect users from fraud.

The exhibition will present one more insurance software: Protectiq. Its customers can obtain insurance against deathful disease, which will be more profitable than using conventional services. The developers believe that Protectiq will become widely used in developing countries: they account for 2/3 of all oncology diseases across the world, but far from everyone can afford insurance.

The exhibition will also show a cloud healthcare information system based on the blockchain technology; user identification platforms; trading blockchain services and other innovative software solutions. Totally, around 20 companies will be engaged.

Blockchain & Bitcoin Conference Stockholm is an event of the major group, including Smile-Expo’s events in Russia, Ukraine, Estonia, the Czech Republic, Sweden and other countries. It brings together those who are ready to earn on new technologies and integrate the latest technical solutions into their businesses.

Details about the event can be found on the website.


The publication of a press release on this page should not be viewed as an endorsement by Block Explorer. Customers should always do their own research before buying from or investing funds in any company.