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On Friday, the governor of Alaska signed the Fiduciary Access to Digital Assets Act. Among other things, the bill clarifies the process by which cryptocurrency belonging to deceased persons can be accessed by fiduciaries and otherwise managed.
In late September 2017, one of the legislative arms of the European Union raised concerns about inadequate supervision of virtual currencies by customs officials. Its draft report states that authorities “lack sufficient resources.”
On Wednesday, the Securities and Exchange Commission (SEC) obtained a final judgment against Homero Joshua Garza, founder of GAW Miners and ZenMiner, two bitcoin mining companies that were used to defraud investors.
On October 4, 2017, Axel Weber, chairman of UBS Group AG and former president of Bundesbank, assessed that bitcoin is “only a transaction currency.” He counterbalanced his statements with support for the long-term adoption of blockchain technology.
On Wednesday, a Greek court supported the American extradition request for Alexander Vinnik. He is accused of laundering upwards of $4 billion of criminal proceeds through BTC-e. However, a competing Russian extradition request on lesser fraud charges could derail American authorities.
This week, Blockchain at Berkeley hosts its inaugural Cryptoeconomic Security Conference, an event that has been six months in the planning. ETHNews sent Matthew De Silva to cover the event. Here he shares the top moments from day two of CESC 2017.
Finance Minister Anton Siluanov has announced that the Russian government will work to educate its citizens on cryptocurrency as part of a program geared toward increasing financial literacy in the country.