Austria Planning New Regulations for Cryptocurrency, ICOs – CoinDesk

Austria has joined the list of countries planning to regulate cryptocurrencies and will use as a model existing rules for the trading of gold and derivatives. The government’s central concern is curbing the use of cryptocurrencies for money laundering, Bloomberg reports. Likewise, it wishes to extend oversight measures for traditional financial products to crypto assets. … Read more

Ethereum Governance 'Not That Bad' Says Buterin Amid Fund Debate – CoinDesk

Ethereum’s governance model isn’t flawed, it’s just badly communicated, the cryptocurrency’s creator Vitalik Buterin said in a developer meeting Friday. Coming amidst a heated debate over a proposal that seeks to standardize a method by which changes to the ethereum software would be considered as a way to retrieve lost funds, developers discussed how to clarify … Read more

Senator Rep Hints At More Action on Venezuela's Controversial Crypto – CoinDesk

A U.S. senator who has previously spoken out against Venezuela’s newly-launched cryptocurrency isn’t done with the issue. Late last month, Senators Bob Menendez (D.-NJ) and Marco Rubio (R.-FL) co-wrote a letter blasting the “petro” and asking the Treasury Department to monitor its progress, as well as offer insight into how the department might work against the token’s … Read more

High Stakes: Ethereum's Fight Over Lost Funds Explained – CoinDesk

The “world computer” is ensnared again in a heated debate. Sparked by a controversial code proposal called EIP 867, ethereum’s development forums have become something of a battleground, crowded with bitter commentary, snide pull-requests and coordinated attempts to erase the idea from the platform’s repository. For those unfamiliar, the conflict surrounds an effort to make it easier … Read more