Weekly update: Important developments in cryptocurrency space

It seems that as soon as China said it was going to issue a digital yuan, countries woke up and realized that cryptocurrency needs to be taken more seriously. The next six months are going to see a flurry of activity in the blockchain and crypto spaces and this past week has continued to help refine the overall forward progress the industry is making. Things are going to only get better from here.

The U.K. has determined that digital assets are real, not just a figment of someone’s imagination. A panel headed by Chancellor of the High Court, Sir Geoffrey Vos, asserts that crypto assets are property that is tradable and protected under British law. This should help the country develop even further guidance and policies relating to digital currencies going forward.

After Canadian regulators stepped in to prevent the Einstein exchange from suddenly disappearing with users’ funds, they found out that they were already too late. If the country had hoped to avoid another scandal like…