Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, The Maltese Parliament passes digital asset bills into law. Bitmain secures a spot as an EOS block forger.
The Maltese Parliament passes three bills into law becoming the first country to formally regulate companies in the blockchain, digital asset, and distributed ledger technology industry. The Malta Digital Innovation Authority Act provides a framework for governance while the Innovative Technology Arrangement and Services Act regulates the creation of exchanges and companies.
Bitmain has entered into the list of EOS block producers after having secured enough community votes. As of writing EOSAntPool ranks 9th in the list of block forgers with 2.38% of the votes and annual reward of US$2.7 million.
Insurance companies including, Chubb, Marsh and Liberty Mutual will join the RiskBlock Alliance to test blockchain use cases. The organization will adopt R3s Corda platform to integrate data across the industry.
The countrys ICO framework will be put to the test next week as the nation starts to screen applicants. Thailands Securities and Exchange Commission will give priority to ICO portals, online marketplaces that will organize token sales. The ICO portals will eventually be tasked with screening all projects.
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