Discover and read the best of Twitter Threads about #Regulation

Most recents (14)

🚨#India #Crypto #ban #regulation🚨THREAD:

Imp pts for every observer in India/abroad in short clips:

Part 1 - Analyzing Leaked docs

1. Pg cites fine or 1-10 yrs for SPECIFIC activities
2. No definitions! Draft clearly not ready for legislation (1/n)
Part 2 - Understand the policy process

1. Draft doesnt = ban, until it clears Finance Minister & Parliament vote.

2. Public consultation NOT mandatory. Ask for it.

3. WRITE (>tweet) to folks mentioned in the vid

#India #Crypto #ban #regulation (2/n)
Part 3: Understand the existing baseline in India

Esp intl folks @PeterMcCormack

- Instant payments/settlement already exist
- Free/mobile banking already exist
- Crypto must solve the right probs from a govts perspective

#India #Crypto #ban #regulation
Read 4 tweets
(1/10) The #payment #networks really are incredible businesses. Consider this: @Visa is used at nearly 55M merchant locations, has issued 3B+ cards and processes $11T worth of payments each year. It's current market cap is $355B.
(2/10) In fact, if we look at the stock performance of the 3 biggest payment networks in the US (@Mastercard, @Visa & @PayPal ) over the last 3 years vs FAANG or the S&P 500, they are absolutely crushing it:

+ MVP: +154%
+ FAANG: +127%
+ S&P 500: +38%
(3/10) Why? Payment networks are classic network-effect businesses. Like most network-effect driven businesses, all 3 sides: merchants, banks and consumers, benefit as the network scales.
Read 10 tweets
1. Politicians are lying to you: For almost 10 years we had near zero percent #interest, #ECB & #FED printed billions of $ & € creating huge asset #bubbles in #stocks & #properties. On top thousands of foreigners bought "cheap" properties in GER.

#Habeck #Enteignungen
2. On top many cities, especially #Munich, allowed only few new properties to be build - For 3 new families that reached Munich only 1 new home was build!
This scarcity is by design, since it inflates the value of existing #properties, enriching the "haves".
#Habeck #Enteignungen
3. The next money printing scam are all the regulations that hit home-builders in the last plus 10 years: "Dämmung","energetische Sanierung" (to prevent loss of heat/energy) and more is expensive & thus reduces the numbers that can afford a home & increases #rents.
#Enteignungen
Read 11 tweets
The Financial Stability Board (FSB) published a #Crypto-assets #regulators directory.
5 April 2019
The purpose: provide info on the relevant regulators&authorities in FSB #jurisdictions & international bodies dealing with crypto-asset issues, and the aspects they cover.
👉 fsb.org/2019/04/fsb-pu…

👉 Crypto-assets do not pose a material risk to global financial stability for now.
👉Vigilant monitoring is needed in light of the speed of market developments.
👉Broader policy issues:
1.#Consumer & #investor protection
2.Strong #market integrity #protocols
3. #AML & financing of terrorism (AML/CFT): #regulation, #supervision, implementation of international sanctions
4.#Tax evasion
5.Illegal #securities offerings #ICO
Read 6 tweets
👆#TurnKey,Inc.: #SEC turning the (same)key in the lock

Surprised that commentators think there is anything new in this decision. It is simply a different type of argumentation. It is for the first time a #negative #definition of #ICO #regulation by #securities#laws. Thread👇
👉1. In Munchee Inc., SEC claims (sec.gov/litigation/adm…):
⛔️Munchee has no viable product
⛔️tokens sold are not usable, but will possibly be in the future
⛔️ICO will fund the development of the project
⛔️MUN price will vary AND reasonable expectation of future profits
⛔️#profits (or losses) depend solely on efforts of #Munchee #managers
⛔️#marketing MUN token in the manner to induces the purchasers to believe there is a profit expected solely for buying MUN and reselling it later.
⚠️a positive definition -> this IS a security
Read 10 tweets
An often misunderstood element of the next generation of credential based digital #identity systems is that they are no longer reliant on any single issuer being trustworthy. 1/n
Rather, they rely the combination of many issuers, and many #verifiableclaims in order to create a reliable web of trust. As with any network, this ability to establish trust between peers scales exponentially with the relationships inside it. 2/n
This network effect fundamentally shifts the power balance from centralized issuers, or federated identity managers, towards individual ID holders. The trade-off here is 1) the ease of #compliance and 2) #automation of services across contexts in an ever expanding ecosystem. 3/n
Read 10 tweets
1 In #crypto space you need to ADAPT or you will DIE. #Regulation is reality -no #Government want to love when you didnt use the national #currency. So #electroneum #ETN $ETN adapt & we are 1st full #KYC #AML compliant #cryptocurrency Join us too download #ios app #MWC19 #mwc2019
2 And we did an awesome progress for just 15 months over 2,8 millions accounts created, #cloudminer live a lot of #plugins for #vendors created for easy integration. We have in plans be the number 1 for cheap & fast transfers money worldwide, We have in plan too create #gigguru
3 without commision so the #freelancer can obtain 100% income & much more just have a look at our brand new WEB electroneum.com & awesome video in multiple languages & you can contact our @CeeGeeOBE here or at #LinkedIn or at #MWC19 in Barcelona: medium.com/@msystemelec/e…
Read 4 tweets
@AOC is right: technology reflects society. Here is an incomplete list of experts you should follow if you are interested in this topic / thread:
@safiyanoble – read her great book ‘Algorithms of Oppression – How Search Engines Reinforce Racism’ nyupress.org/books/97814798… with @NYUpress
@jovialjoy – and her Gender Shades project gendershades.org, her work with the Algorithmic Justice League ajlunited.org and the Safe Face Pledge safefacepledge.org
Read 41 tweets
001/ [article content in this tweet series 001-180 reproduced with permission from Martin Howe QC of Lawyers for Britain @lawyers4britain]
#quote "Leaving the EU on WTO terms: pulling down the barriers to world trade
Introduction: why prices will FALL after Brexit, not rise" /002
002/ #quote "Over the past couple of weeks, the media have been full of lurid scare stories about what will happen if the UK leaves the EU on WTO terms, because negotiations with the EU do not result in a withdrawal agreement." /003
#tariffs #NoDeal #Brexit #WTO #ProjectFear #shortages #food #medicines
003/ #quote "One of the most ridiculous and UNJUSTIFIED of these absurd scare stories is that it will lead to higher prices, and even shortages, of foods and medicines." /004
Read 180 tweets
It's a criminal offence to falsifying a legal instrument. But if the #MetPolice / #LBRUT do it, then there is not even an investigation. 12 years of silence. Evidence to prove it - ukcoverup.com/search-warrant-

#skynews #lbc #theresamay #uk #bbcnews #coverup #c4news #worldnews #ukgov
Welcome to the #Metpolice who also changed & falsified my arrest details. Have a look at the evidence here ukcoverup.com/arrest-details as it's all easy to prove & that's why it's never addressed

#R4today #corruption #coverup #leadership #values #corevalues #bbcnews #skynews #itvnews
Read 97 tweets
Today, @NITIAayog released a Discussion Paper titled ‘National Strategy for Artificial Intelligence”. #AIforAll
niti.gov.in/writereaddata/…
We provide our initial thoughts on the paper here. 1/n
We welcome this initiative by @NITIAayog, but a call for comments would have been a welcome addition. The paper takes important steps forward from the #AI Task Force report released earlier this year by the DIPP, Ministry of Commerce and Industry (dipp.nic.in/sites/default/…). 2/n
This paper attempts a more holistic look at a broader range of issues concerning AI including #regulation, #ethics, #fairness, #transparency and #accountability. However, a number of issues still remain with this paper. 3/n
Read 41 tweets
The #AI task force for Economic Transformation in #India (set up by the Government’s Ministry of Commerce and Industry) released its report last month. Some background (B) and key takeaways (T). 1/n
B1. The vision guiding this report is “AI as a socio economic problem solver at large scale rather than only a booster of economic growth”. 2/n
B2. It seeks to address the role of the Government in the field, answer how #AI can improve quality of life, and identify sectors for AI growth. 3/n
Read 24 tweets
It's been a minute but I am about to ....

#THREAD

... about Facebook
The Cambridge-Facebook story is important .. not just because of Russia or Trump or Zuckerberg or John Bolton (who used Cambridge) or Bannon or Peter Thiel or the tremendous number of intersections of important people in this story.
With stories like this, people tend to first look at what *rules* have been broken... like FB's app rules that developers agree to, or other laws and regulations that are implicated. BUT...
Read 17 tweets
Oh the geezers are hard at it grafting media, it's always great to have easy scapegoats "North Korean cyber gangs.." a.msn.com/01/en-ie/AAt9g…
2/"Mr Murphy’s firm was the first in the world to liaise with computer giant IBM over the use of the super-computer ‘Watson’ for real-time--
3/artificial intelligence-based defence against cyber criminals." Bear with me, I'm about to post a few more links in #THREAD #CyberSecurity
Read 71 tweets

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