Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, Coinbase responds to inquiry while governmental agencies worldwide continue to explore digital currency regulation.
Coinbase has released a condensed version of their response to the New York Attorney General’s inquiry. The letter outlines the firm’s compliance efforts, including allocating 20% of total headcount to the department.
Portugal’s parliament will discuss a legal framework for digital asset payment services this week. They will also be exploring the process of issuing digital tokens. The goal of the regulatory framework is to ensure safety the of payments and healthy competition.
At the Collision Conference, the Ethereum co-founder mentioned that he was not concerned with the Security and Exchange Commission’s current discussions. Lubin views Ether as a digital commodity as opposed to a security or currency.
Bitmain continues its ASICs rollout, with Antminer Z9 for Equihash based digital currencies. The miner will begin shipping in late June and is limited to one per user. The emergence of ASICs continues to spark debate in the community.
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