On one hand, this will further help legitimize ICOs not only in Estonia but in Europe as well. ICOs have been getting a lot of negative feedback for a long time, so it would be great that investors will finally know which ICO they can invest in safely.
On the other hand, having the govt involved in anything related to cryptocurrencies doesn't strike me as "trustworthy" in the cryptocurrency world, I just don't like the idea of having a centralized system operating a Crypto Asset Market behind the scenes
Topic: Government of Estonia Building Official Cryptocurrency and Crypto Asset Market (Read 118 times)
December 16, 2017, 07:21:45 PM
December 16, 2017, 06:37:12 PM
The Republic of Estonia aims to become the world’s leader in cryptocurrency and blockchain technology by creating an official market for “crypto capital” and assets.
The market itself will be built by a consortium, in which the Estonian government will participate. The consortium’s first goal will be to establish an agency that will operate the market.
A for-profit company called TokenEST OU will operate the market; while a nonprofit organization called TokenEST SA will oversee and regulate it. The market will operate on the TokenEST platform; which TokenEST OU will build with help from an Australian blockhain company called LaborX Pty Ltd.
“All of us at Chronobank are jazzed to be a part of a new wave of labor laws, regulations and relations,” Sergienko said. “We are thrilled that the government of Estonia shares the same philosophy when it comes to monetizing labor relations by using blockchain.”
Read more: https://coinidol.com/government-of-estonia-building-official-cryptocurrency/
So, the chronobank projects already taken the real act. Wait does laborx Pty has the relationship with the chronobank itself?It looks good how the more country will try to use the blockchain implementation to find the alternative way to fix the problem. The market itself will be built by a consortium, in which the Estonian government will participate. The consortium’s first goal will be to establish an agency that will operate the market.
A for-profit company called TokenEST OU will operate the market; while a nonprofit organization called TokenEST SA will oversee and regulate it. The market will operate on the TokenEST platform; which TokenEST OU will build with help from an Australian blockhain company called LaborX Pty Ltd.
“All of us at Chronobank are jazzed to be a part of a new wave of labor laws, regulations and relations,” Sergienko said. “We are thrilled that the government of Estonia shares the same philosophy when it comes to monetizing labor relations by using blockchain.”
Read more: https://coinidol.com/government-of-estonia-building-official-cryptocurrency/
December 16, 2017, 06:13:11 PM
The Republic of Estonia aims to become the world’s leader in cryptocurrency and blockchain technology by creating an official market for “crypto capital” and assets.
The market itself will be built by a consortium, in which the Estonian government will participate. The consortium’s first goal will be to establish an agency that will operate the market.
A for-profit company called TokenEST OU will operate the market; while a nonprofit organization called TokenEST SA will oversee and regulate it. The market will operate on the TokenEST platform; which TokenEST OU will build with help from an Australian blockhain company called LaborX Pty Ltd.
“All of us at Chronobank are jazzed to be a part of a new wave of labor laws, regulations and relations,” Sergienko said. “We are thrilled that the government of Estonia shares the same philosophy when it comes to monetizing labor relations by using blockchain.”
Read more: https://coinidol.com/government-of-estonia-building-official-cryptocurrency/
The market itself will be built by a consortium, in which the Estonian government will participate. The consortium’s first goal will be to establish an agency that will operate the market.
A for-profit company called TokenEST OU will operate the market; while a nonprofit organization called TokenEST SA will oversee and regulate it. The market will operate on the TokenEST platform; which TokenEST OU will build with help from an Australian blockhain company called LaborX Pty Ltd.
“All of us at Chronobank are jazzed to be a part of a new wave of labor laws, regulations and relations,” Sergienko said. “We are thrilled that the government of Estonia shares the same philosophy when it comes to monetizing labor relations by using blockchain.”
Read more: https://coinidol.com/government-of-estonia-building-official-cryptocurrency/
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