📰 Binance Coin Transition to Binance Chain Is Finally To Happen Soon, Microsoft Will Help Business to Develop Tokens, LedgerX Wants to Overtake Bakkt and more

---

US Presidential Candidate Andrew Yang Reveals Proposed Digital Asset/Cryptocurrency Regulation Policy

---

The new 46th President of the United States may be elected as early as 2020. Today we see several interesting candidates, including Andrew Yang, who, as it turned out, wants to get votes from representatives of the crypto community in the most honest and democratic way. Yang's 'New Policy #22 - Digital Asset/Cryptocurrency Regulation' could be the basis for future rules on digital assets that the US SEC and other institutions familiar with the case are currently unable to provide.

To introduce Yang's view on future process of cryptocurrency legislation building:

'Investment in cryptocurrencies and digital assets has far outpaced our regulatory frameworks in the US. We should let investors, companies, and individuals know what the landscape and treatment will be moving forward to support innovation and development. The blockchain has vast potential'.

As for many other candidates, their view on the development of cryptocurrency regulation will probably be voiced in the future. Discussing Yang's global policy, now his company covers many new directions, such as, for example, the universal basic income and proposals for adapting to the growing automation of labor for citizens.

Now, relying on old methods and policies, it is difficult to assess the economic reforms proposed by these and other candidates; it requires at least a good knowledge of local politics. However, regulators are unlikely to leave cryptocurrencies unheeded in the near future.

---

Enterprise Ethereum Alliance (EEA) Together with Microsoft Will Help Business to Get Working Tokens Prototypes

---

The Enterprise Ethereum Alliance (EEA), a member-driven standards organization, is working with Microsoft to launch the Token Taxonomy Initiative (TTI), with which participants will help businesses develop tokens according to assets' purpose. It is assumed that after joint organizers/business discussions initiators will succeed in presenting reusable components developed to create various types of tokens, including industry-specific, serving a business goal.

The Token Taxonomy Initiative currently covers major players such as Hyperledger, R3 and Digital Asset Holdings. IBM, Intel, JP Morgan and ConsenSys are also being introduced into this process. Thus, the concepts of Ethereum, Microsoft Azure and the general tendency of being corresponding to 'non-technical' user make this participation truly global, so future products based on it require close attention.

---

France Finance Minister Bruno Le Maire See Blockchain Usage as Anti-Monopoly Weapon

---

Technologies of alternative digital assets and transfer of value against monopoly? Yes, probably it was conceived. With the same thought on Monday, French Finance Minister Bruno Le Maire arrived, saying:

'Blockchain protocols are a game changer. Thanks to blockchain protocols users have the possibility of creating and running their own networks for money transfers, trade and services without intermediation from any platform'

However, Minister's proposals are quite concrete. First, Le Maire will ask European partners to review the regulations prepared by France for norming cryptocurrency assets, which is related to regulatory issues, of course.

The chairman of France's financial markets' regulator (AMF), Robert Ophele also noted that blockchain has many advantages for industries that need a quick transfer of value and other properties of this technology that can be used to make profit, generally:

'(Blockchain) is quicker costs much less and has a global footprint'

It is said that local regulators will issue first ICO permits in September.

---

Bloomberg's 'ICE’s Bakkt Has Issues' is Probably This Kind of 'Progress Report' That We Need a Few Weeks Ago

---

At the end of March, Bakkt, a platform offering several promising market solutions including physical futures, left everyone watching with a small report, from which it is somewhat clear that the ICE is still in dialogue with regulators.

In some systems, where commercial and state decision makers work as a whole and are the one, the initiative of a exchange like ICE would probably be automatically approved by regulators, but in the US, which deals with cryptocurrency laws and practices, this probably does not happen. So Bakkt has been talking about obtaining a license for a long time, and, if available sources inform us in the right direction, it is still not such a simple question.

'Bakkt Chief Executive Officer Kelly Loeffler, who is married to ICE CEO Jeff Sprecher, said last month that the company is in discussions with the CFTC and that the initiative is moving forward.

Spokesmen for ICE and the CFTC declined to comment.'

Without addressing the issue of dynastic relationships, it is clear that at the moment the launch of Bakkt in 2019 can be considered a positive scenario for all who are in favor of a regulated approach to cryptocurrency investments.

---

LedgerX Wants Move Faster Than Bakkt in Physical Bitcoin Futures Launch

---

LedgerX, US regulated bitcoin derivatives exchange and clearinghouse provider inspired by the business delay of its rival Bakkt, states that it plans to become the first firm in States which will offer physically settled bitcoin futures. The company also intends to obtain the appropriate CFTC license, which allows to provide this type of innovative product.

The difference in offers is that LedgerX will also create an offer for retail investors. It is not known if this complicates the already difficult dialogue with the regulator, but the company's ambitions regarding its trading platform Omni can may quite serious — but, some stability in the operation of the platform must be achieved first.

Juthica Chou, the President and Chief Risk Officer at LedgerX noted:

'Once the platform had proved stable and we got an operational cadence, we filed for a license with the CFTC'

---

BNB Reaches New All-Time-High

---

Binance Coin, the authorized provider of good earnings in today's crypto market (not an investment advice) is still able to briefly gain a foothold on the psychological mark of a 1/4 of $100 dollars, keeping its potential around a given value. Within the considered period, the exchange's native token updates its ATH in pair with USD not the first time: this was preceded by several events, such as announce of Binance Chain mainnet launch.

Busy day, said CZ Binance.

Common mood in BNB's market can be evaluated as confidence, some also compare Binance Chain and Ethereum in connection with the transition to the new blockchain. In this sense, Binance is likely to offer a non-technical but market-based solution for any project wishing to become famous on its IEO platform, and with new solutions this offer may become even more affordable.

The answer however is as follows:

Thanks for the nice article! But almost too supportive. lol. @Binance_DEX does not challenge Ethereum, it doesn't even have smart contracts. It challenges ourselves, exchanges. :)

CZ Binance (@cz_binance) April 18, 2019

ETH can do a lot of other things Binance Chain can't. @Binance_DEX just specialize on one use case.

CZ Binance (@cz_binance) April 20, 2019

---

BNB to be Transferred on Binance's Native Blockchain on April 23, 2019

---

Initially, Binance Coin (BNB) is an ERC20 token with its own economic program, including activities that are believed to affect its value. This coin should also become one of the main instruments of Binance's DEX, which will not be like all other DEXs, will be faster, scalable, and other such desired things - at least, it cannot be excluded that one of the largest crypto exchanges can approach this goal.

According to provided information, Binance Coin (BNB) is being created in Bitcoin's genesis block, thus leaving the Ethereum's blockchain; the total emission of 200 mln BNB coins will also be cut down in accordance with the rules of token burn. More than 11 mln coins will be subsequently burned, while another 48 mln will be frozen. The transition to the mainnet retains the logic that the first 5 million in the Ethereum blockchain will be destroyed, and exactly the same amount will appear in Binance Chain.

.@Binance Chain launches its mainnet and plans to execute Mainnet Swap on Apr 23, 2019.

Please see the below link for further details on the actions that will occur along with the planned timings for them to do so. 👇👇👇https://t.co/32hjBwkUcX pic.twitter.com/X9qAoXxYmc

Binance DEX (@Binance_DEX) April 18, 2019

The access to all need options including block explorer will be available on April 23, but it's not the exact date. According to official reports, this process may be delayed, so users have to wait a bit.

---

Binance Updates BNB Whitepaper: its Token Burn Process is Still Seems to be Intransparent, Exchange Tackles Between Possible Regulatory Restrictions

---

This week it became known that Binance made changes to BNB's white paper directly in the paragraph explaining the procedure for the regular token burn. Earlier, the document featured 'using 20% of its profits to buy back BNB', but now there are no such words: the first person of the exchange claims that this is connected with regulatory risks that would make it possible to consider the asset as security.

Binance's CEO CZ explains in his interview with The Block:

'We recently updated our whitepaper to better describe how we actually conduct the burn. For example, we removed the buy back reference because we actually don’t repurchase BNB and simply reduce the supply by burning BNB. We also removed the profit language because some regions tend to associate profits with securities, and we would like to distance BNB from that. So going forward, we plan to describe the burn this way, and burn what we burn'.

Whether such revisions are sufficient to prevent the interest of regulators and other issues related to the economic strategy of the exchange are still debatable. The previous token burn completed in January 2019, which covered 1,623,818 BNB tokens worth $ 9.4 million (in prices of the corresponding period). It is also worth noting that the price of a BNB does not always correlate with seemingly noisy news, and vice versa. This cryptocurrency recently broke away from the correlation with the general market trend, but it is not known how long it can last. Previously, token burn events were also perceived less active and had less influence on token's price, although stable emission conditions were always a priority for interested investors.

---

Crypto is risky, so no investment advice can be given. One may kindly request investors to check any info related to both projects and press events before make a desicion. Good luck

---

Japan's FSA asks crypto exchanges to strengthen internal oversight | Indian Reserve Bank won't develop crypto startups in its fintech sandbox | The Arca U.S. Treasury Fund is waiting for SEC approval to launch bond-backed stablecoin

TON Labs and Wirecard enter partnership to develop a joint digital financial services, payments and banking platform | Monex Group on possible crypto adding and local market competition: 'If we keep doing things the way we have, we may not be able to close the gap'

KuCoin releases non-cucstodial trading solution and announces launch of DEX | Bithumb enters Japanese and US markets | Coinbase opens services for customers of 11 countries in Latin America and Asia | Coincheck OTC added Ethereum and XRP

Gatechain Token (GT) from crypto exchange Gate.io is now trading against USDT and BTC | Poloniex supports deposits and withdrawals of USDT-Tron | Mass delisting of BitcoinSV (BSV) continues, however, Huobi and OKEx wouldn't delist Wright's coin | 7th BNB token burn complete

Waves (WAVES) experienced a curious crash on Binance, when its price dropped to 1 Satoshi | Swedish hackers used Social Democrats’ Twitter to say: 'We have abolished the Swedish krona and replaced it with Bitcoin'

---