Note

If you are new to the blockchain technology, taking our Introduction to Blockchain Technology self-paced course is highly recommended. Also, for a comprehensive coverage of blockchain development in Ethereum or mastering Solidity programming, taking our below self paced courses is highly recommended:

Recap

In our previous article ( Review of Ethereum Governance for Ethereum Blockchain Development), we discussed Ethereum governance for blockchain application development.
In this article, we learn about the effect of government regulations on Ethereum blockchain development.

Government regulations

Many observers of the cryptocurrency investment felt quite relieved after the United States Securities and Exchange Commission(SEC) issued a no-action letter on April 3, 2019, to confirm that the tokens that were issued during the startup’s Initial Coin Offerings(ICOs) are not securities. As a matter of fact, over 80% of ICOs are Ethereum backend tokens and run on the Ethereum blockchain network. Tightened government rules, policies, or regulations on ICO and cryptocurrency are always viewed as the headwind thought to pose huge challenges regarding the growth of Ethereum, blockchain, and cryptocurrency. It is always debatable. On one hand, it is an effective crowdfunding approach for startups so that they can raise funds for developing innovative products, services, and solutions. Any tight control may put a brake on the innovation and adoption in this space. On the other hand, many also welcome moderate regulations to these emerging investment instruments since it will raise the bar for ICO offering, and hence makes the Ethereum network and cryptocurrency market more robust and much healthier.

Stablecoins, which we discussed briefly before, may provide a much different perspective than ICOs for government regulators since they design the cryptocurrency governance and regulatory framework. Nothing extraordinary has come out of this yet. However, one thing is probably true, no matter which way the wind blows: solutions in compliance with existing KYC-AML rulespolicies, and regulations are always worth investing in.

 

Next Article

In our next article ( Review of Mainstream Adoption for Ethereum Blockchain Development), we discuss the adoption of Ethereum on the mainstream.

This article is written in collaboration with Brian Wu who is a leading author of “Learn Ethereum: Build your own decentralized applications with Ethereum and smart contracts” book. He has written 7 books on blockchain development.

Resources

Free Webinars on Blockchain

Here is the list of our free webinars that are highly recommended:

 

Free Courses

Here is the list of our 10 free self-paced courses that are highly recommended:

 

Self-Paced Blockchain Courses

If you like to learn more about Hyperledger Fabric, Hyperledger Sawtooth, Ethereum or Corda, taking the following self-paced classes is highly recommended:

  1. Intro to Blockchain Technology
  2. Blockchain Management in Hyperledger for System Admins
  3. Hyperledger Fabric for Developers
  4. Intro to Blockchain Cybersecurity
  5. Learn Solidity Programming by Examples
  6. Introduction to Ethereum Blockchain Development
  7. Learn Blockchain Dev with Corda R3
  8. Intro to Hyperledger Sawtooth for System Admins

 

Live Blockchain Courses

If you want to master Hyperledger Fabric, Ethereum or Corda, taking the following live classes is highly recommended:

 

Articles and Tutorials on Blockchain Technology

If you like to learn more about blockchain technology and how it works, reading the following articles is highly recommended:

 

Articles and Tutorials on Ethereum and Solidity

If you like to learn more about blockchain development in Ethereum with Solidity, reading the following articles and tutorials is highly recommended:

 

Articles and Tutorials on Hyperledger Family

If you like to learn more about blockchain development with Hyperledger, reading the following articles and tutorials is highly recommended:

 

Articles and Tutorials on R3 Corda

If you like to learn more about blockchain development on Corda , reading the following articles and tutorials is highly recommended:

 

Articles and Tutorials on Other Blockchain Platforms

If you like to learn more about blockchain development in other platforms, reading the following articles and tutorials is highly recommended: