Cardano Foundation have been contemplating on a harmonized approach at the EU level because it will bring the much required legal clarity required for the blockchain industry. This is important because the already existing EU’s financial services do not explicitly cover the crypto assets.
Of note, early this year, the Cardano Foundation, along with the fellow Blockchain for European members, have submitted a proposal for their regulation on the European Union’s framework meant for crypto assets.
Cardano are also working on “Staking taxation.” They are pushing their POSA allies in this regard. In 2019, they have made meetings with the Department of Treasury, Internal Revenue Service, Office of Tax Policy, and key decision-makers, which were held in Washington DC.
The Cardano Foundation are expanding their third-party integration capabilities. The Cardano Stiftung have appointed Mel McCann and John MacPherson to expand their third-party integration capabilities and to strengthen their relationships with exchanges further.
The Input-Output has released Daedalus for the ITN. The Daedalus 2.4.0-ITN1 consists of a wallet recovery phrase verification feature. This provides the support for the ITN users who are redeeming their rewards later on this summer as the community heads on to Shelley on the Cardano Mainnet.
Sydney Ifergan, the crypto expert, tweeted: “Cardano (ADA) well-know that it is important for people and institutions to believe in them for the usability they can facilitate. They ensure people benefit.”
Those who have been following Cardano for some time know that it has not only technical advantages, but also has strong leadership.
Cardano Trending User Perspectives
Shelley is on, and many are worried about rewards. They are wondering about how often will rewards be issued to delegators on Shelley Mainnet? Weekly? Monthly? Daily?
One of the Cardano enthusiasts that is very positive about its scope stated that sometimes it is good to step back from the daily grind and think about how truly revolutionary Cardano will be.
He was excited about how the investors will have a literal stake in what could be the financial backbone for billions of global users being completely decentralized and free of government control, and simply amazing!
Cardano is good because they know that blockchain cannot be a slow and expensive database. Cardano is focusing on being fast, cheap, and scalable blockchain so that users will be able to fully utilize its features like transparency and privacy protection. They are contributing positively to build a new financial infrastructure.
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