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Back to Square One
Have you ever heard of Decentralized Autonomous Organizations (DAO)? According to some blockchain technology enthusiasts, it would be possible to establish a DAO even to govern a city. In this edition, we bring the video “Decentralized Autonomous Organizations”, from Complexity Labs, which explains, in a simple way, what the DAOs are.

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Administrative Proceedings in CADE on unilateral closure of exchanges current account enters new phase – As published in the last newsletters, there is an intense discussion about the possibility of unilateral closure, by banks, of accounts of cryptoassets exchanges. The Administrative Council for Economic Defense (CADE) began, on 10.19.2018, the analysis of the responses sent by the companies that negotiate cryptoassets in Brazil. Of the twelve companies notified by the agency, only Coinbr and Bitcambio requested extension of the deadline for response. (PORTAL DO BITCOIN; 10.23.2018)

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FATF announces that it will create international standards for Cryptoassets by June 2019 The Financial Action Task Force (FATF) has stated that it is going to enact international standards in order to eradicate the use of cryptoassets in money laundering, terrorist financing and other crimes. According to the statement, the cryptoassets exchanges and companies that have as activity the supply of encrypted wallets will have to obtain a license and follow such rules. (REUTERS; 10.19.2018)

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Febraban Event promotes the debate on the regulation of cryptoassets – On 10.17.2018, the Federal Public Prosecutor’s Office (MPF), the Brazilian Securities and Exchange Commission (CVM), COAF and the Brazilian Central Bank participated in an event held by the Brazilian Federation of Banks – Febraban, in which they discussed the regulatory panorama of the cryptoassets. For MPF, the cryptoassets “constitute a vehicle and instrument for money laundering”. The other organs recognized the need for regulation of the theme, but did not reach a consensus on who would be responsible for the matter. (FOLHA DE SÃO PAULO; 17.10.2018)

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HTC launches pre-sale of Exodus 1 – first cell phone for blockchain Exodus 1, the first cell phone for the use of blockchain technology, has as its main feature the ability to safely store its users’ cryptoassets with a mechanism for recovering them in case of theft. The handset, in pre-sale, costs the equivalent of 3.500 reais and can only be purchased with Bitcoin or ether Pre-sale is available in 34 countries and deliveries are scheduled for December. For now, it is not possible to buy Exodus 1 in Brazil. (TECNOBLOG, 24.10.2018)

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Rwanda will host the first Tantalum tracking project using blockchain technologyRwanda will have a blockchain project to track tantalum from the mine to the refining with the aim of attracting new investors. The project is being developed by Circular, a British startup, and by Power Resources Group (PRG). According to the developers, the project will involve the use of GPS and facial recognition to prevent any type of corruption in the system. (REUTERS, 17.10.2018)

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Synthetic Minds attracts investment to automate smart contractsAfter raising about 5 million dollars, Synthetic Minds will develop a solution that seeks to create ”infallible” smart contracts. According to the founder of Synthetic Minds, ” it is also almost impossible for humans to envision all possible ways in which a contract might interact with its environment (…) Only automation can help us get those assurances”. (FORBES; 22.10.2018)

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Blockchain Desk Indica
Many say that the world of cryptoassets investment is volatile and manipulated. However, Chainalysis publicou recentemente o resultado de suas pesquisas, analyzing the profile of the largest holders of bitcoins (called “whales”), pointing out that they represent a diverse group and that, contrary to what one might imagine, they may be helping to stabilize the market.

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Blockchain Desk.