Trust. Circulation. Legal.
The United States Securities and Exchange Commission (SEC) has announced that Telegram and the forthcoming GRM token constitute an unregistered digital token offering. While Telegram has the trust from a huge user base and potential circulation economic scale, still, it bumps into that legal barrier, for now. And the key thing is unregistered. “Is this going to be more of a legislative move or an SEC move? [...] At the moment I don’t know.” ~ SEC Commissioner Robert J. Jackson Jr. The world will sort things out as we progress. Meanwhile in Malaysia, as regulatory provisions evolve, there are some noteworthy domestic experiments and pilot projects on the implementation of blockchain technologies within the wider economy: 1) Securities Commission’s Project Castor for unlisted and over-the-counter markets, 2) Bank Negara Malaysia‘s blockchain-powered trade finance applications together with nine banking partners, 3) the Ministry of Education's initiative to use block...